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All Forum Posts by: Ronald Rohde

Ronald Rohde has started 16 posts and replied 4931 times.

Post: 28 Value Add Doors in East Texas

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

Looks awesome upside. How do you exit? Is it big enough market like Tyler?

Post: Trust, But Verify: Why the Fine Print Matters More Than Promises

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

To be fair, you don't need to read everything if your lawyer has.

Secondly, even if they put it in writing, the OA and PPM will waive any and all other statements in writing...The GP should be advised by their attorney to NOT put those items in an email.

Post: Looking to connect with other passionate retail center investors!

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

I'm an LP in a large retail deal, but mostly I run direct industrial.

what are you looking to buy? Anchor strips? drive through? 

Loan size?

Post: Medical Office Building

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

Medical office buildings (MOB) is in hot demand! Lots of money going to these sticky tenants, strong demand regardless of economy...

Post: Investing in only syndications. Am I missing out?

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

Just buy commercial, NNN lease.

All the benefits of direct deals, none of the toilet, trash, etc.

Post: Thoughts on Naming Storage facility

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135
Quote from @Kristi Kandel:
Quote from @Chris Mason:
Quote from @Ronald Rohde:

"parking near me"

thats what people search for

 +1 for putting things in the name that people are google searching for. You aren't trying (at this point) to create some nationwide brand, so being found on google, and when found knowing instantly exactly what you do, is top priority. 

Not to "do your homework for you," but this is fun, let's take the GPT suggestions above from @Kristi Kandel

VersaStorage: Vehicle Parking and Self-Storage

Long-term vehicle parking is what you do, that not everyone does, so it comes first, when markets find equilibrium you will find higher profit margins on that, for that reason, so that's the priority. That way if google truncates, it becomes "VersaStorage Long Term Veh..."

And then for my main picture, the first thing people see, I'm making sure a boat is prominent, a semi or RV (whichever is a bigger market in my area), and a traditional self-storage space.

And then you are going to look at the marketing copy of your competitors. If you see a bunch of them offering something similar, like say a discount for a 12 month storage contract, or multi-vehicle discounts, then there's a really good reason they are all doing it (likely from lessons they had to learn the hard/slow/long way), so you are going to copy those ideas first and foremost. We aren't Jeff Bezos or Steve Jobs here, it's a storage facility: Impersonate, then iterate, then innovate.

Good luck! I smell a refi in your pipeline a year or so from now, remember this isn't a home loan, so "two years of tax returns showing a profit" is NOT a hard/fast rule at all to get the best terms.


 YESSS exactly! Be blatantly clear on your prime offerings. Also search for your top 2-3 names online first prior to landing on one. A friend recently received a cease and desist letter for naming their sauna biz too close to a large regional player. It mostly just caused a lot of headaches and time but it will cost them some money to rebrand and some legal advice. 


 Legal advice is always good advice

Post: Legal advice needed

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135
Quote from @Armand P.:

Hello BP,

Looking for some legal advice with an investor friendly attorney in Texas. Please DM me. 

Thanks you! 
Armand 



 We can help. Are you looking to lend?

Post: DFW - Legal Counsel & Title Company Recommendations

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135

Nothing wrong with TREC, you have to nail down your assignment agreement, we advise wholesalers to have a few custom contracts ready also. Shorter and faster than the TREC form

Post: Investing in only syndications. Am I missing out?

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135
Quote from @Brian Baumann:

Thanks everyone for your opinions and insight! I think at this point I’m going to continue to invest as in LP in Syndications. I have been grateful that everything has went smoothly for the last couple years with no major hiccups in my deals. I wouldn’t be surprised if in a few years I expand into something a little more active.


 Keep us updated!

Post: Commercial loans & personal guarantees

Ronald Rohde
Pro Member
#3 Commercial Real Estate Investing Contributor
Posted
  • Attorney
  • Dallas, TX
  • Posts 5,144
  • Votes 2,135
Quote from @Stuart Udis:

@Joshua Gorsky That's very interesting. Seen partial recourse, but still joint and severally liabile amongst guarantors. Trying to understand the mechanics of what you shared. For illustration purposes, there is a $1M loan, the lender takes back the asset for $800k & there are 3 guarantors, each with 33% ownership interest in the real estate. The lender can only go after each for $66,000 + misc. fees?


 Usually that won't happen though, one partner will pay the $200k and seek recourse from the other partners later.