The legal component of commercial real estate investing can be one of the most important yet daunting elements of any beginner's first few deals. How do you protect yourself in a deal? How do you ensure you receive your fair share of the profit in a partnership? How do you set expectations with tenants and have the proper legal documentation to hold them accountable? In Episode 004, Patrick and Noelle are joined by Ron Rohde, a commercial real estate attorney and investor who has represented over $1B in commercial real estate transactions. Throughout the episode, Ron provides valuable insights into the legal aspects of commercial real estate investing and walks beginners through key legal considerations they should keep in mind throughout their first few deals. In this episode, you'll learn:
- Common mistakes in forming LLCs and PSAs and tips to avoid them.
- How beginners can familiarize themselves with the legal language in commercial leases.
- The concept of recourse vs. non-recourse debt and the implications for personal liability.
- Legal essentials when pulling in limited partners and the importance of proper legal structuring in commercial real estate.
- How your real estate may not be fully protected in some situations (even if you own the property in an LLC)
- And much more!
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Connect with Ron:
YouTube: https://www.youtube.com/c/ronaldrohdelaw
Facebook: https://www.facebook.com/ronaldrohdelaw
LinkedIn: https://www.linkedin.com/company/law-office-of-ronald-rohde-pllc/
Website: https://ronaldrohdelaw.com/
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NOTE: All content is for educational, informational, and entertainment purposes only. Nothing we publish is financial advice, investment advice, legal advice, or tax advice. All investments carry inherent risk. You are solely responsible for all decisions you make. Do your own due diligence and always consult with licensed professionals before making and decisions.
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