All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5102 times.
Post: Best type of Rock for Parking Lot?
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
Quote from @Brandon Jack Reneau:
Quote from @Chris Seveney:
Quote from @Brandon Jack Reneau:
Hello BP!
I am working on developing some land I have into Boat/RV parking.
That being said....
1) What type of rock did you use?
2) How was the lot layered?
3) Did you do anything to prevent weeds in the future?
I was considering crushed concrete but I'm not sure if that will be the best choice.
If you are worried about weeds, its more about the barrier that you put below the stone. Crushed concrete can work well, it really depends as we have used peastone, gravel, crushed concrete. If you have boat and RV parking you are gonna want atleast 6" of stone compacted 95% or greater.
Great, thank you for the info!
Do you know with it being compacted a 95% will it be hard to install Canopy covers later on down the road?
Thats really a local site condition question. Do you have geotech?
Post: Finding Deals In The US As A Canadian Investor?
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
Quote from @Sam Chicquen:
Quote from @Ronald Rohde:
Plenty of our clients live abroad. I'd say attorney is your top concern, be aware of FIRPTA when selling, otherwise commercial deals are nearly identical. Lender and local partner are probably top 1-2 needs.
I appreciate the response thank you.
Really good information, i'll definitely look into that! Any chance I could DM you to chat?
Sure you can DM, but I prefer posting questions here. That way everyone can benefit from your Question and the answer.
Post: Best type of Rock for Parking Lot?
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
Quote from @Chris Seveney:
Quote from @Brandon Jack Reneau:
Hello BP!
I am working on developing some land I have into Boat/RV parking.
That being said....
1) What type of rock did you use?
2) How was the lot layered?
3) Did you do anything to prevent weeds in the future?
I was considering crushed concrete but I'm not sure if that will be the best choice.
If you are worried about weeds, its more about the barrier that you put below the stone. Crushed concrete can work well, it really depends as we have used peastone, gravel, crushed concrete. If you have boat and RV parking you are gonna want atleast 6" of stone compacted 95% or greater.
Proper grading and drainage flow are critical/ I own truck parking lots, we're running 18" of flex base. Depends on how heavy your RVs are! Class A?
Post: Finding Deals In The US As A Canadian Investor?
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
Plenty of our clients live abroad. I'd say attorney is your top concern, be aware of FIRPTA when selling, otherwise commercial deals are nearly identical. Lender and local partner are probably top 1-2 needs.
Post: Commerical Real Estate Investing
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
Create a checklist. If you have a narrow asset class, it makes it much easier to compare apples to apples.
Post: Triple Net Lease Commercial Connection
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
Quote from @Han Oo:
Hi good morning. I would like to connect with NNN investors, lenders and property managers in Las Vegas and San Diego.
I'm starting to look at some NNN deals and I have some questions.
1. How to increase value of the property at the end of the lease term?
2. If current tenant doesn’t renew the lease, what will happen to the value? E.g it’s a fast food restaurant.
3. What’s the better option? Buying with new lease Vs buying the lease about to end?
4. Has anyone syndicated the NNN deal before?
5. What's the best financing and LTV option?
Thank you all in advance.
Awesome topic. All great questions. I'm a commercial real estate lawyer and investor.
1. Increase value via increasing income (raise rent), or decreasing cap rate (quality of income).
2. Value plummets. Replacement cost usually. Need to find another tenant.
3. Neither is better, they are very different investment strategies.
4. Yes people do it all the time.
5. Again, nothing is best, just what your needs are. 5 year fixed term, 20 year AM with 30% down, if it covers DSCR. or floating 18 month until you secure longer term lease transition to fixed debt.
Post: Matt Onofrio Scam
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
Quote from @Ash Patel:
Agree, we will see who has been swimming naked when the tide goes out.
This was straight fraud, forging PSAs, not just overleverage or poor management though.
Post: Becoming a Seller of Industrial Properties
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
Quote from @Shannon Kiefhaber:
I am really interested in the truck parking. I have a one acre parcel I am about to clear for the same purpose. Did you do any improvements on the land such as grading, adding solid surface such as paving or rock, fence in the yard, etc? How did you market the space?
Yes, recommend 18-24" of flex base, grade for drainage. We use facebook and google my business. signage is also critical.
Post: Becoming a Seller of Industrial Properties
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
This year has been interesting for my investments. We closed on a 4 acre yard for truck parking (no structures), started lease up and received an unsolicited offer for 50% gain. We're now under contract even though the tax will be crazy.
Also accepted LOI to sell a different 4 acre parcel for over $1m/acre. This has been a longer hold with serious value gain in Plano, TX. Suffice to say, looks like I may be a net seller in 2023 which has never happened yet.
Anyone else switching from net buyer to net seller?
Post: Self Storage- Marketing- Customers 1 mile to ????
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,323
- Votes 2,246
Quote from @Henry Clark:
Don't read this, unless you vote for it. Trying to get more votes, so I get a free BP ball cap.
what we all do for free stuff.
Are you tracking the leads in a physical format? Most doesn't seem precise enough for you. Whats #2? #3?