All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5105 times.
Post: How is everyone feeling about rates?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Go find ways to increase rent. Inflation also increases hard asset values...
Post: Whats the best way to find a partner to invest with?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Do you do anything yet? Need action before anyone will partner.
Post: NNN Property 4.10% Cap Rate- Killer Location WOULD YOU BUY IT?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Did this sell?
Post: What do I need to know before diving into NNN lease investing
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Quote from @Immanuel Sibero:
Quote from @Ronald Rohde:
Quote from @Alex Skeg:
Quote from @Brock Mogensen:
Leasings/leases is the biggest factor in the NNN game. Use conservative lease up periods, TI's, and realistic rents in your underwriting. Also Cap Ex like roof and parking lots can be a deal killer, make sure to do proper inspections on that. I love the NNN space, especially industrial. But need to be very keen on being able to fill spaces if/when they go vacant.
Industrial/single tenant isn't an asset class that I plan to touch. I believe its a great asset but I can't go months without any sort of cash flow in the event of a vacancy
How much free time are you going to dedicate to management? Multi tenant stuff is a lot more work, you have shared common areas and plenty of parking or other tenant disputes to babysit. I think everything has been touched on, but check YouTube, there are a lot of resources to learn more.
Whats your price point? LTV?
I learned a lot from YouTube, I'm going to miss it when AI and ChatGPT take over...
Cheers... Immanuel
nah, always room for someone to interpret or find exceptions to AI!
Post: Investor investment trajectory
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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I'm 38, still in growth mode. Under contract on another 4 acre industrial NNN in DFW. I'm happy with the balance between family, self (health), law, investments. Other than YouTube, its all a money maker!
Post: Getting started - out of state investing
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Quote from @Manco Snead:
I would definitely not buy OOS as your first property; way too many landmines. I would also be wary of most people on this site who say they want to "help" you.
Well, sometimes hopping on a plane is just as easy as driving 4-5 hours if they live in a very high COL location. I agree its not easy or preferred, but it is what it is. The entire site is built upon people wanting to help each other. If you can't trust them, the internet is not for you.
I help by posting free responses, long form YouTube videos, otherwise I help for legal fees. No one has issues with that.
Post: NNN Dentist Office
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,326
- Votes 2,249
Quote from @John Mocker:
Ronald,
I have seen a few (generally conversions from residential to office) but I was generalizing. The same is likely for a brick built office vs apartment building of the same size and value.
Oh i see, yeah its a very trendy topic to talk about office to multi, but the reality is that its very difficult, deep plate, plumbing, fire code, parking, no balconies, etc. I posted an in depth video on YT about it!
Post: Low/no money out of pocket options for industrial commercial buildings $5 ish Million
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Lots of good options discussed, what is your use? Is there specialized equipment or build out that makes sense for buy vs lease? I think you need to decide whether the expansion now makes more money via leasing vs buying when you don't have any money.
Post: What cash on cash would you accept for a low IRR?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
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Quote from @Neil Cronkrite:
@Chris Seveney - Right now we'd be modeling an exit at year 5. Refinancing might work, but we first model a sale so we aren't specifically dependent on the debt markets.
@Matthew Drouin - Yes, modeling cap rate decompression. Usually starting at 10 basis points per year, sometimes more if we're buying below market cap and it's a heavier value-add. This is a sale lease back and the length would be 10 years.
still doesn't make sense to me. cap rates alone won't cause this. are you modeling declining market rents too?
Post: What is best way to find bank owned commercial property?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,326
- Votes 2,249
Get friendly with the bank, they will let certain people know if a loan is in trouble and if they're willing to sell the note first.