All Forum Posts by: Ronald Rohde

I'm biased toward YouTube since I have my channel. Tyler is great, Chad Griffiths is great. ACRE, Break into CRE.

There are a few books, but what asset class are you most interested in?

That form would work. Although its less than ideal if you rep a buyer. You need some seller reps and warranties included in an addendum. Additional due diligence as well.

This place? 4205 W Morris St, Indianapolis, IN 46241

Whats the zoning? could it be used for truck and rv parking? We run these assets in Texas. 

 I imagine these are big ice creating machines, these dont fall over, right?

Back to the owner reluctance, I don't like the image it portrays. Poor people use this and I don't want them bringing traffic to my property without buying anything from me. $600 is not much, even at a 5 cap. Also, just because the spaces appear empty, they may be required for use. The LL may be tight on restaurant sq ft based on parking, if giving up 1-2 spaces affects the ability to bring in a huge restaurant tenant, they just shot themselves in the foot for pennies.

essentially, yes, you must pass on the cost of insurance. if the tenant goes bust, thats their problem, not yours. Replacement costs for CRE have gone up, premiums go up to reflect this. I'm not saying its good or bad, but it is reality.

200% from a $5,000 bill, is still just $15,000. Isn't the business generating millions in revenue? 

Yes, you should have a line of credit or cash capable of writing a check for $2-3m. We can take my portfolio as an example, I own 5 buildings with rough premiums of $20k each. $100k per year goes into the kitty to be invested. I will breakeven with one replacement claim every 20 years (fudge to 15 years for investment returns), but thats the concept.

 he's essentially self insuring. Save the premiums and replace a building at a rate less than he's earning.

I really think you should combing under one carrier. Costs are up, replacement costs, etc. There is no way around that. If your tenants can't carry the burden, they need to raise their prices to customers. I would not spend this much energy on a NNN item after you've done the low hanging fruit.

 Sounds good Drew!

I do not think those factors you mention are grounds for termination based on the obligations of seller in a walk through. Nothing has changed from when you initially went under contract.

Lawyer, but not your lawyer. Not legal advice