All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5103 times.
Post: Office buildings opportunity and converting to residential
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
even if the buildings were free, wouldn't always make sense. office has a deep floor plate, plumbing, firewalls, elevators, amenities are all huge costs to conversions.
Post: Looking for someone with coworking office experience
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Quote from @Gregory Schwartz:
@Ronald Rohde Roughly 1/3 of the space is occupied with long term tenants. From what I've learned in the last few days is that the SBA doesnt look to kindly on co-working spaces as the owner occupied business.
I probably need to get with an SBA lender.
Yeah, doubt you'll get SBA. how much debt service can the 1/3 cover? thats your max loan, do the rest as equity.
Post: Deal 1: Self Storage Facility - Learn with me & offer support
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Why don't you just buy an existing facility? Can you survive off $40,000 a year? Are you going to get another job?
Post: does anyone know any good big commercial lenders
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Large and $3,000,000 commercial loan dont' belong in the same sentence. You're lucky to get 50-60% full recourse if you have a track record of these assets.
Post: commercial refi/equity line
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Quote from @Tim Oberlin:
Quote from @Ronald Rohde:
if the loan is large enough you can get a second, why not just refinance entirely?
mare you aware of any lenders that would go higher on a cash out?
Post: commercial refi/equity line
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
if the loan is large enough you can get a second, why not just refinance entirely?
Post: Looking for someone with coworking office experience
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
I'm typing this from a co working space. VentureX in Dallas has a great model. I think they do franchises as well.
I can't comment on whether this model works for SBA, I think they want to see existing cash flow from your business first. Are there other tenants in the 49% to support debt service?
Post: LLC creation help
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
As noted, you can DIY, but you'll eventually have to talk to an attorney if you have questions. Most clients spend $1,500 to skip the uncertainty and start the relationship.
No wrong answers...
Post: Need suggestions for a good Multifamily Attorney on Oklahoma
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
Hi Ira, Happy to help, we do tons of work in TX and OK.
Post: Early Termination - Clause not in contract ?!
#2 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,324
- Votes 2,247
with 9 months, you can probably negotiate a buy out. Has he asked?