In this video and article, we are going to talk about the importance of hiring an attorney for a disposition of commercial real estate property, all the important documents you will need for this transaction, and how you can prepare for this process.
Ronald Rohde Law is available to help first time commercial real estate investors invest in industrial commercial real estate so click the link below or check out our new e-book on Amazon!
The preparation of a property for sale should be started as early as possible. The intentional planning will involve financial statements, leasing consolidation, and physical improvements. Ronald Rohde Law can assist by reviewing leases and identifying any weaknesses that a potential buyer may object to prior to closing. We are experienced in preparing Estoppel letters and collecting accurate representations from tenants that are necessary to ensure the maximum sale price.
Letter of Intent
The negotiation of a Letter of Intent should involve your legal team to allow the fastest response during the Purchase and Sale Agreement negotiation. Negotiating for the contractual terms that are important to a seller will require a flexible and creative legal team to avoid being locked into the price, earnest money, due diligence period, and/or commission fees. The negotiation of a Letter of Intent should involve your legal team to allow the fastest response during the Purchase and Sale Agreement negotiation. A skilled lawyer will identify escrow solutions that rely on the confidence of the seller to justify a higher price from the buyer.
As many contracts undergo several amendments or questions regarding data supplied by the seller, it is important to have an attorney reviewing every document and advising you on the best course of action.
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Ron helped us structure our residential development business, he had great advice on LLC formations, contract negotiations, and has become a trusted advisor on our most difficult real estate deals.
As a medical professional, our industry faces constant regulatory and compliance oversight. Ron helped my company negotiate and protect us from legal liability when reviewing employee agreements, commercial leases, vendor agreements, and almost every contract we bring him. His guidance has allowed me to reach a new level of confidence knowing I have a lawyer to represent my interests and provide that peace of mind.
Over 3,000 clients served
Ron has helped developers raise foreign investment funds through the EB5 program and represented foreign investors from China, Hong Kong, United Kingdom, and India.
Over $1 billion of real estate transactions
Ron has conducted acquisitions of commercial real estate, new construction development, and all areas of asset management for shopping centers, retail strip malls, restaurants, office buildings, industrial and warehouse assets.
Ron has helped thousands of investors on BiggerPockets where he is a leading expert on real estate investing.
DO YOU NEED AN LLC TO INVEST IN REAL ESTATE?
Sit down with Daniel Hyman, CPA and Ron Rohde, JD as they discuss one of the most common questions from new investors in single family residential (SFR). We cover tax deductions, S Corp benefits, liability risk and due on sale clauses.
How to Reinstate Your LLC (3 simple steps online)
Is your entity forfeited existence from the Texas Comptroller's office?
This video will walk you through the 3 simple steps to reinstating your LLC (or other legal entity) with the state of Texas. There are two primary agencies to deal with if your entity has been terminated for failure to file an annual franchise return. Failing to file a franchise tax return or pay the fees due is the most common reason why Texas LLCs are out of good standing. The easiest way to check is to look up your entity at the Texas Comptroller website (link in video)
Type in your entity name and click search.
This process may apply to other states.
REAL ESTATE INVESTING IN STUDENT HOUSING
In this video, Ron sits down with Clint, a real estate investor based in Austin, Texas who has built an 8 unit SFR portfolio of #studenthousing within 1 mile of the Texas A&M campus in College Station, Texas.
Join us as we discuss his background, what led to the investment, advice to his younger self, and other legal issues investors face in 2020.
Have you wanted to invest in industrial warehouse commercial real estate?
This is one of the hottest asset classes which has been tremendous gains in occupancy and rent appreciation. Join us as we walk through a property in Plano, Texas.