All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5103 times.
Post: Self Storage- Marketing- Customers 1 mile to ????

- Attorney
- Dallas, TX
- Posts 5,324
- 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?
Post: RV and Boat storage, man cave, sold as condos, how would that be structured

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,246
Quote from @Brian Mehrhoff:
I plan to develop and build in stages. Let the sales fund next stage of development. I already own the property. Think if I proceed in stages I can start the project for about $400k. I’m getting a budget together now with quotes from contractors and suppliers. This would be my first commercial development.
Thats a good plan,
Post: RV and Boat storage, man cave, sold as condos, how would that be structured

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,246
Are you trying to buy one of these and rent it out? Or develop your own ?
Post: Commercial ARV Valuation

- Attorney
- Dallas, TX
- Posts 5,324
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Whats the new NOI? Whats the new cap rate? Thats your new value.
Its one metric for lending, but not a lot of people care.
Post: Self Storage- Reset Unit

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,246
Great process, I'm glad it works! We're automating our truck parking, but people continually break things or cheat to try and get a few free days of parking
Post: Self Storage versus Tiny Houses

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,246
I like the idea in general of smaller homes and more density, but these look pretty sad.
Post: Guidance required for MF Settlement Process

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,246
hi Sanju,
There is not anything typical on a commercial transaction, they will vary by asset type, location, size, etc. On a high level:
1. 45-60 days is common now, starts upon Effective Date
2. Those are typically the same thing.
3. Physical condition of property and improvements, leasehold interest, tenant quality, title/survey review, loan if any
4. Financing not typical, but it may be an overlay of interest rate, LTV, am schedule. Includes requirements for buyer to share documents with seller to "prove" lack of financing
5. They typically run concurrently with financing being longer.
Post: Self storage- Family Re-Union. Deal 14?

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,246
Looks like Canton or Gun barrel city?
I think it can work, but add back a line for BPP those taxes will spring up on containers.
I think security is an issue, but maybe cross that bridge when you get there. Worst case, it just eats into your $230k NOI.
Post: Financing options for a commercial investment property

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,246
don't buy this until you figure out an exit plan. This is a very complex business for beginners.
Post: Anyone here investing in storage unit facilties?

- Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,246
Storage Rebellion is pretty good as well. Lots of investors in this asset class.