All Forum Posts by: Barry Ruby

@Wendell HII

Ground up development seems like a logical addition to your investment activities.

Feel free to let me know if you want to talk about the alternatives available to enter the field.

@Ghazi Shehayber

Ghazi,

In my opinion, what you are proposing is a heavy lift.

While your offer of reciprocation is appreciated and sounds reasonable, in my experience it doesn’t turn out that way in real life.

A mentee with little or no experience almost always places a greater onus on the mentor. It always easier and faster for the mentor to perform the tasks itself than it is to teach and supervise an inexperienced 3rd party.

The shortest distance between where you are right now and where you want to go with a mentor is to bring them an opportunity.

The best way to be able to bring them that opportunity is to find a deal that makes financial sense.

The best way to enable yourself t. find and analyze the value of the deal is to educate yourself.

The most effective use of your time in getting educated is to acquire financial literacy. This means learning the language and metrics of finance and use those to skills to perform pro forma modeling.

Please let me know if you need any assistance.

@Todd Dexheimer

Indeed!

No pun intended

@Julio Burgos

I agree with you on this Julio. The storage project should stand on its own and be able to support the capital stack required to fund it.

@Robert Frazier

You have two options to get the project financed. Raise the equity from a single investor or syndicate the deal.

If you elect to syndicate the deal, you should be very aware of the federal requirements associated with a private placement. Generally, a full PPM should be in place BEFORE you pitch individual potential investors.

If you elect to solicit a single investor there is no requirement to register the project with any entity BUT you will need to create a presentation in either case.

The financial information (pro forma) should be the centerpiece of your presentation. It should clearly demonstrate the value, cost, timing and performance of the project and it’s relevance to the venture’s stakeholders.

Feel free to contact me if you have any questions or need any assistance in understanding and doing this work.

@Jim Kane In my opinion, as an experienced architect, your experience places you in a great position to transition into development.

Your first step should be to learn the language and metrics of commercial real estate and how to use them to conduct pro forma analysis.

Let me know if you want to discuss this further with me.

@Ray Trounday send me a DM and we can pull up a chair and chat about this subject for a while

@Eddie W. Have you run the numbers on this project? 3,500 sq ft of retail should not have an impact significant enough to kill the deal. Is the retail element physically separated from the residential element?

Whatever the answers to the questions above are there should be a solution that addresses the legal, physical and financial structure of the project.

I’d be happy to look at your pro forma analysis to see if the solve can be found.

@Mordy Silber

Mordy,

Feel Free to contact me with any specific questions or problems you need help with.

Best of luck in your journey

@Mamie Paul

Mamie,

I can send you an input sheet. If you populate it and send it back to me,

I’ll send a full presentation ready analysis to you.

Let me know if you are interested and I’ll send a copy of the worksheet to you and help you fill it out if you need assistance with populating it.