All Forum Posts by: Ronald Rohde

Hi Andre,

Experienced real estate investor here in Dallas with a few projects in mind. PM if you'd like to chat.

Hiring a lawyer is going to be at least $500, probably going to have to eat it.

Big issues are capex and deferred maintenance expenses. When do the leases expire? When was roof replaced? HVAC? water/sewer lines in good shape? Obviously check title and any possible liens on property as well

I always advise clients to form an LLC, regardless of whether you think you have assets now, in a few years you will likely have equity in a RE project and do not want that to be easily attached.

For a minimal cost, the benefits outweigh the risks.

I always recommend my clients hire a lawyer for the first demand letter. You want to gather all evidence and make sure you identify all breaches by the Tenant. First demand letter is quite cheap, but then the lawyer can work to track down assets, file suit, collect judgment, etc.

Lawyer in Texas.

local incorporation also helps for any suits that may arise.

I am working on a new SFR rental, closing is tomorrow, and have a few things to repair/replace.

PM me

Did someone recommend a lawyer? Dallas lawyer/investor here. 

+1 on the HH, early Saturday mornings and you'll get a full day from construction experts. 

https://www.dallasareahabitat.org/

Doesn't help you on your finance/interest costs/ basis questions, but you can buy someone many meals for $50 :)

Well, you can have up to 35 non-accredited investors as well.

https://www.sec.gov/fast-answers/answers-rule506htm.html