HOW TO BUILD FLEX INDUSTRIAL

[@MrSeriouscomic]

As always, great content Ron! This definitely covered the different nuances in the entire project and somebody starting new in the space would benefit from watching out for these blind spots. Two ways in which my projects differ significantly are (a) phasing out the development and leasing into 2-3 phases - this helps with financing as well as leasing (b) we almost entirely ignore leasing brokers and instead rely on in-house social media marketing to lease - our tenants are regular small-business owners living within 5 miles of the development and are easily targeted on social media. Lastly, the equity returns are good but definitely not 10X on a project.

[@RonaldRohdeLaw]

Yes, phased development costs more per building, but comes with less risk on lease up and financing. Do you pour slabs at all? Or completely from scratch?

[@harrylawarchive]

How are you getting financing for ground up development I heard from someone who built a flex space they bought the land and then went to a bank to get a loan worth 2-3x of what the land appraises for and then phase out the project.

[@RonaldRohdeLaw]

@@harrylawarchive Financing is usually local banks. You can get 65% LTC on land/costs. You'll have a draw schedule based on progress.

[@jameshuzella9824]

Looking to build in Denver Colorado

[@RonaldRohdeLaw]

great market, high costs, high rents. What size are you targeting?

[@papahumza]

Hi, great video. Wanted to know why is stick build preferred over prefab for most of these flex spaces?

[@industrialize]

Excellent video Ron, very well explained!

[@JeremyDCarter]

This is really great, Ron. Super detailed and helpful. Looking at building small bay industrial in Alabama.

[@RonaldRohdeLaw]

Glad you enjoyed it!

[@LandLord05]

What books and channels you recommend read /watch about industrial real estate?

[@RonaldRohdeLaw]

Highly recommend @industrialize Chad Griffiths, I’ve written a few books on Amazon now. What is your background?

[@LandLord05]

@@RonaldRohdeLaw almost same, I build 40000 sq ft for rent and read 10 books about real industrial estate

[@RonaldRohdeLaw]

Excited to speaking at the biggest flex industrial development conference in Houston, Hamza Invests

[@yazimme5141]

Looking to build in Austin Texas and the surrounding areas. Do you have a consultancy line?

[@RonaldRohdeLaw]

We do consultations! [e-mail]

[@arthurkineard7356]

I have been working on a project in Panama City FL. I have the entitlements from the county; mostly. The seem to ask for more every time I turn around. I am thinking I should I get a partner to help me cross the finish line? It is six 16,000 sq/ft flex warehouse space. And what does that look like?

[@RonaldRohdeLaw]

That is the nature of working with the city. What do you need help with? construction or financing?

[@arthurkineard7356]

@@RonaldRohdeLaw I have yet to choose a contractor or financing. Frankly I am running out of money. I hate to go into holding pattern. I am concerned my engineering will expire and will have to do it again. I would like to partner with someone who has done this before. A builder or a contractor type person.

[@RonaldRohdeLaw]

@@arthurkineard7356 Sorry to hear that, do you currently have debt on the property? Construction loan should be able to finish it off.

[@arthurkineard7356]

@@RonaldRohdeLaw No loan on the property. I did not even think about that. I was just assuming I had to have all the entitlements in place. That is something I will follow up up. Thanks

[@RonaldRohdeLaw]

@@arthurkineard7356 I would get debt and finish the project or sell entitled property. Finding a partner at this stage would be much harder!

[@walterhunter3353]

I’m just a regular guy in the health industry. I’m considering buying 4 acres in Waxahachie an up-and-coming area. Do you think that’s a good idea by and hold? It is commercial.

[@RonaldRohdeLaw]

I think that’s a great market. What do population numbers look like? When buying 1-2 deals, the location of the property and price paid matter more than the city. 👍

[@bobweber5937]

Hello, Great information. I own 40 acres of land on major corridor freeway in an area of heavy trucking business, w/ 14 acres zoned commercial. Im ready to get started with industrial outside storage and flex space buildings. How do I connect with you and the right people . Bob

[@RonaldRohdeLaw]

Hi Bob. Have you checked the use within commercial? Feel free to reach out to me [e-mail]

[@AnilKumar-gz6yk]

Which website lists the flex properties

[@RonaldRohdeLaw]

What do you mean? Was this something I referenced in the video? Or you’re just asking where to find deals?

[@AnilKumar-gz6yk]

Thanks for the note. Yeah asking where to get the deals. During the video there was a mention of buying an existing flex space for newbies.

[@RonaldRohdeLaw]

Drive! Look for buildings that are off market. Otherwise, loopnet, brokers-(costar), crexi look for "for lease" listings and see if they will sell@@AnilKumar-gz6yk

[@MrLGroves]

Top notch

[@Man-u-flex]

Closter New Jersey ?

[@RonaldRohdeLaw]

Thanks! Interesting market, as a borough it’s pretty small. Some big manufacturing but your best bet is probably contractor garage. The vendors who serve the residential population.

[@Man-u-flex]

@@RonaldRohdeLaw thanks for your reply but not sure what contractor garage is, but I’ll google it thank you kind sir.

[@RonaldRohdeLaw]

Flex warehouse?@@Man-u-flex

[@cashrule10]

Memphis , Tn

[@RonaldRohdeLaw]

Great market! it has potential for more demand. Any sites in mind yet?

[@geegonzlz]

Hello Ronald, i'm new to Flex Space business model and been looking to gain knowledge and some type of training. Hamza investments offers a course for 5 K. Thoughts?

[@RonaldRohdeLaw]

I have several clients who work with Hamza. They all said it was a great value!

[@geegonzlz]

@@RonaldRohdeLaw ❤️

[@WillBockovenCRE]

👍👍

[@RonaldRohdeLaw]

🤗

[@taylorweldon9939]

Oklahoma

[@RonaldRohdeLaw]

great market, cheaper than Texas!

[@dekonfrost7]

Really i hate when guys ramble on without sharing information. You on the other hand are like calorie rich dense info lots of vernacular. You have packaged a talk for professionals but about subject matter for noobs.. interesting .

[@RonaldRohdeLaw]

At first I thought this comment was heading a different direction but then you totally redeemed yourself! Thanks. I really appreciate the support!

[@dekonfrost7]

@@RonaldRohdeLaw good work. Looking at my first flex deal rt now im standing on the land. Maybe we can do business

[@RonaldRohdeLaw]

@@dekonfrost7 would love to help, [e-mail]