All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5103 times.
Post: Two states investments
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Post: Bank calling a loan due if I transfer to LLC and if interest rates rise
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Theres a lot going on here, but DOS is not a automatic guarantee. You have to read your loan docs.
Fannie has an explicit permission for single member.
Loan Look up tool
Post: EBITDA Multiplier for Car Washes - Midwest 2023
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Many variables. Separate the business from the RE as well.
Post: first multi-family property
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Quote from @Steven Nash:
Quote from @Ronald Rohde:
Are you underwriting deals everyday? I think you'd do fine to buy a small building with 1.5m down, we're happy to help with any legal issues.
I'm from UM law.
What type of work is your specialty?
We're a commercial real estate transactional law firm. We help investors buy and sell property. We also do NNN leasing.
Post: Commercial property use
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Quote from @Jeffrey Muth Jr:
@Ronald Rohde as I stated I wasn't expecting to be blocked by the state on using the currently installed exit.
So you're gonna pave it?
Post: Is it possible to renegotiate an inherited billboard contract?
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Quote from @Paul Klei:
Quote from @Cason Acor:
@Shane H. some of this is market specific and will depend on how sophisticated/aggressive the advertising company is that someone is negotiating with. For example, in my market, two companies own 95% of the billboards along the interstates. Neither of these companies offers nor agrees to revenue share as part of their leases. So regular base rent escalations is the only way to stay on top of the market.
How are you going to verify revenue? Audit? Look at their contracts? How will you understand the triggers? I dont want a revenue share with anyone I don't know or trust.
Post: Interest Rate and ConC on a commercial Loan.
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Rates are pretty good above. I'd target 5-6% if seller financed for regular NNN stuff. I need greater than 2-3% above 1 year t bill personally. I'm not taking RE risk when I have a few hundred in T bills...
Post: Anyone Have Experience Investing In Antique / Craft Malls -With Real Estate Included
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
I've had a few clients run them. Its essentially class D retail, parking, trash, security, lots of little issues and you need scale to make it worthwhile.
Post: Looking for Capital Raise Partner!
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
You have a business plan? This sounds like a very tough business.
Post: Commercial Construction Loan
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Quote from @Van Ngo:
Thank you Erik. These are inline with the information I already have. Additionally, do you have any recommended bank or lender? I heard that the requirement for a good builder also play a role, I was hoping to get a builder to do the bone and then I will hire out subcontractor myself for the smaller pieces (paint, cabinets, and such)
Where do you keep your money now? That is always the first place. if its chase or BOA, move it to a smaller bank. Banks are very gun shy on construction loans, especially to someone inexperienced, so maybe hire a developer and let them coordinate the debt.