All Forum Posts by: Ronald Rohde
Ronald Rohde has started 17 posts and replied 5109 times.
Post: Info For Commercial Lending
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
Where do you bank? Local CU is the "best" in terms of speed, cost, etc. Whats the loan size?
Post: Exclusive or Non-Exclusive for First Time CRE Investor?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
Quote from @Account Closed:
Quote from @Michael Heller Chu:
That's exactly right, Will.
Cool. Do you have a securities attorney?
Or any legal counsel?
Post: Owner Financed Mixed Use Building with vacancy?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
Quote from @Account Closed:
What's the hipster ratio? I'm serious they blow serious money on rent, food and haircuts. Look for wide brim felt hats and bearded men with bald fade haircuts.
I laughed more than I should have!
Post: Need Retail Leasing Advise
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
Quote from @Account Closed:
Are you looking for tenant rep assignments? Regardless check out Beth Azor if you're new in the biz.
I think she has listings, needs the tenants. Beth is great on twitter too
Post: Asked to be Money Partner on Boutique Hotel
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
I wouldn't do it. Retail, hospitality easiest way to lose money. Why not add a restaurant while you're burning some cash?
Post: Creative financing options
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
Quote from @Eliott Elias:
Target distressed home owners who are tired of managing their property.
well, if a seller is living in his commercial property, thats probably automatically distressed!
We are getting deals by cold calling. Build the price based on income that gives you 1-2 basis above your debt costs. Then start throwing offers
Post: Looking for a $2-5M industrial NNN lease
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
There are some 8 cap deals in West Texas, O&G tenants. You want those?
Post: What is the responsibility of the member paid a 3% loan guarantee fee?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
Quote from @David Ramirez:
Quote from @Chris Blackburn:
@David Ramirez Thank you. I wonder what that looks like if they cannot pay the loan back? If they took the funds knowing that they did not have the liquidity to perform is concerning. I hate having to white knight these projects, but some of the other members are hurting. So sad.
They get sued, lose, and get a judgment.
Post: I have a Gas station on the same plat as my MHP. Best way to sell?
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
Replat, but i doubt they will approve it if the gas station is non conforming
Post: Evaluating Cap Rates
#3 Commercial Real Estate Investing ContributorPosted - Attorney
- Dallas, TX
- Posts 5,330
- Votes 2,255
Quote from @Nicholas Burch:
Quote from @Brock Mogensen:
There is no exact mathematical formula for this..unfortunately. And the exit cap rate is the single most important cell in your underwriting model. Lots of people pencil whip that number to get a deal work because a lower cap rate moves the needle a ton on overall return figures. My rule of thumb is to use a minimum of 50 bps higher on the exit cap vs going in cap. If my going in cap is super low (due to value add) then I'll go even higher than that. Use your best judgment, but make sure to remain conservative here.
Thanks Brock,
I look forward to working with you in the future. Do you agree that the exit CAP rate should be lower than the entry CAP rate to reflect profitability?
Not necessarily. general aging of the property would indicate cap rate increases, but if youre adding value with stronger capex or better tenants/leases, then the cap rate can go down. of course, it all assumes interest rates are identical to lending at entry.