All Forum Posts by: Ronald Rohde

I don't think its fair to paint entire massive CRE asset classes with the same brush. You can find a singular good deal in both classes. Just set what you think is a good deal and start firing off LOIs.

 Going to have to be small small bank or credit union

not a lot of upside to a buyer just getting the privilege of bidding on a trophy asset for lots of risk.

where do you deposit the rent payments? If its not public, move that account to a smaller bank

 Oh, if its just a condo unit, I'd focus on the lease. get a good long term lease, don't buy a single condo unit. 

You may not need an agent since you already have the building and pricing guidance.

Definitely hire an attorney, don't rely on boilerplate forms. Lender is not your friend.

You need to create objective data. Not just feeling 5% off. If it was for my business 5% of Purchase Price is worth it for the control of my site. Is it a single tenant with multiple units, or other tenants paying rent?

What is the zoning? Ag land? How many acres?

I can help advise on industrial, truck parking, outdoor storage uses.

Do you own this? I'd recommend a mix of facebook, nextdoor ads, talking to catering companies, event planners in person. creating strong social media presence. Its much more of a job than a traditional RE leasing assignment.

 LOL