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All Forum Posts by: Ronald Rohde

Ronald Rohde has started 17 posts and replied 5012 times.

Post: Wholesaling Commercial Real Estate

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @Robert Brock:

Thanks so much Ronald.  This is great motivation. Are you a commercial broker?


 I am a commercial real estate lawyer.

Post: Should I develop a build to suit for a QSR in Atlanta GA?

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @Michael K Gallagher:
Quote from @A Rao:

I invest in land and have done entitlement/zoning and other DD work successfully for years.

A broker called me this morning on a property I have on a busy interesection and has a QSR client who likes the location, but does not want to do a ground lease, only a build to suit. 
Is this something I can do without a development background? Is it as simple as getting the site designed and engineered for the footprint, cleared and graded (all of which I am comfortable with), and then hiring a GC to build the building? Or is it more than that and not something to be done without development experience?

Thanks in advance!


 I take it from your comment that your preference is to Ground lease?  

We run into this especially at out parcels in grocery anchored centers, and our users generally can't make a ground lease work for the business case so the next best thing does tend to be the BTS or we often do Reverse BTS deals where the majority of the building design and management etc is done by the tenant. this works well if the tenant is a national user or multi unit operator who has built these buildings many times. They generally have the recipe down and just need the deal funded if that makes sense? if its something that interests you I probably have a redacted LOI I could share that outlines the LL's work etc.


 I wouldn't say I have a preference. I'm just describing the reality of BTS with national tenants, they squeeze margins of the developer down. If any costs go up, developer eats it.

Post: Tariffs and commercial buildjng

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188

I think it just benefits current owners. our replacement cost variability just went up a lot for the next 4 years.

Post: Wholesaling Commercial Real Estate

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188

You can definitely do it. My clients buy from wholesalers all the time. Mostly MF and self storage.

I bought an industrial property from a wholesaler, paid him a $600,000 fee. 

Post: Commercial real estate

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188

I'm buying and selling industrial. Need value add deals in DFW

Post: Industrial real estate operators

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @Ben F.:

Hello,

New to posting on BP, but have been reading the forums for years. I help family offices with industrial acquisitions and investment portfolio management. Happy to connect and work with anyone trying to expand their business.

I am working on building an industrial portfolio of my own - consistently searching and analyzing deals.

My main market is Southern California, but I am slowly expanding my lens across the US.

Ronald Rhode and Chad Griffiths are the best content creators in the space hands down.


 Thank you!! too kind

Post: Should I develop a build to suit for a QSR in Atlanta GA?

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188

You can do it. Hire gmax GC, are you comfortablewith architecture and trades? 

The main issue is your exit is capped so if your costs go up, your profit goes down.

Post: 10 Year Treasury Keeps Going UP!

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188

wow, surprised to hear you sell so much! I sold 1/8 of my properties, similar motivations, but I think overall Trump will be good for real estate

Post: Needing Advice on Commercial Project

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @Melissa Odom:

@Ronald Rohde

Thank you for your response.  The current rents are really low because the tenants are responsible for doing any and all repairs on their buildings (which in my opinion contributes to the poor condition of the buildings).  So, I don't think they would be able to stay.

There is currently no loan on the property.  I am thinking construction loan, but how to pay for it while the construction is going on is a different story.  


 You need to review your lease. tenant may be responsible for interior, but common areas and building facade should be LL.

what is the current rate? There is only one listing on market for $24/ft. If you hit that, what would your new NOI be? could it service the debt on $1m?

During construction you'd have minimal payments, either IO or accrued. Or taken in escrow.

Free and clear you have an asset, you need to answer some numbers, before you make a decision.

Post: Connecting with Canadian Investors Buying Properties in USA

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,227
  • Votes 2,188
Quote from @Bob Judge:

@Ronald Rohde 

Thank you for the response. I'm interested in understanding how the LP structure works for foreign investors. Specifically:

1. What are the key benefits of investing as an LP compared to direct ownership?

2. What is the typical minimum investment requirement?

3. Are there any tax implications or considerations for Canadian investors investing in the U.S. through an LP?

4. What does the process look like from start to finish?

Looking forward to your guidance.


 1. Ill defer to canadian tax experts

2. $50k

3.Yes

4. Find a sponsor, reach out, tell them you're Canadian, they approve, review and sign LP docs, wire funds. Sit back and collect checks *(or no checks).