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All Forum Posts by: Barry Ruby

Barry Ruby has started 0 posts and replied 508 times.

Post: Multifamily Investing Mentor/Coach

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365

@Carlos Alvarez Carlos, feel free to reach out to me if you have any specific questions or issues you need help with.

Post: Need Help Evaluating/financing a Multifamily

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365

@Enoch 'Nick' Wiesner Hi Nick, I’m Beta testing a user friendly Excel Workbook that I created to underwrite a ground up and value add project. I can send an input worksheet. If you return a populated copy of it to me, I'll share a very robust performance analysis of your deal with you.

Let me know if you are interested and how I can get the input sheet to you.

Post: What to do with inherited land in 29 Palms

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365
Quote from @Maria Regis:

My husband I are about to inherit just under 10 acres of undeveloped land, 6 minutes from downtown 29 Palms. It is zoned for single family residential and my understanding is that it has city water. 

We have a few long term rentals in the Southern U.S. and are about to start our first short term rental in WA but, we have no experience with development. I have read the city's vacation rental policy so it seems that short term rentals with this location are not an option (correct me if I'm wrong). 

What is the best course of action with this property in terms investment. Should we sell it as a whole? Split it into individual plots, if so how long does this process take in San Bernardino county? Should we develop it? 

Anyone with experience in the area that could provide some advice would be greatly appreciated!  Hi there! Your first order of business should be to contact the County office that is in charge of zoning and permitting to establish the current zoning on the property to see if the things you are thinking about doing with it are permitted uses. If your planned uses comply with current zoning, your next step should be to determine the highest and best use of the property.

Hi there! Your 1st order of business should be to check with the county office and officials that control zoning and permitting.

If current zoning doesn't allow your planned uses, you should check with the planning department to see if they have a long-range plan and if they do, how that plan views the use(s) of your site. If your uses do not complement the long-range plan, getting the site rezoned to allow your uses would be a long shot at best. 

In the event your planned uses fail to meet current and long-range zoning, your most logical options would be to either build what can get permitted or divest yourself of the property.

Let me know if you need any help or clarification on the above.

Post: Industrial Development or Flex Space

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365

@Adrian Garza feel free to give me a shout if you have any specific concerns or questions

Post: Looking to learn

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365

@Jake Davis Jake, your top priority should be to get yourself educated in financial literacy and learn how to conduct in depth pro forma analysis to determine deal performance.

Let me know if you have any questions or need any help in getting there.

Post: Ground Up Construction

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365

@James Peterson James, in early stage feasibility I do do a residual analysis using new builds in the market common to the project under consideration.

Shoot me a DM and I’ll send you a Pro Forma workbook that runs this analysis.

Post: Anybody willing to talk?

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365

@Larry Turowski Larry, feel free to contact me if you’d like to talk

Post: Commercial RE term help

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365

@Kobe McDaniel Kobe, based on your post, it appears that you need to become financially literate and learn how to conduct pro forma analysis before you seriously consider getting into a commercial deal.

Feel free to let me know if I can help you with your investment goals.

Post: Deal Analysis Help

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365

@Ghazi Shehayber Ghazi I made a BRRRR Pro Forma for my son that I am happy to share with you. Let me know if you want it and I'll send the workbook your way

Post: Looking for Mentor/Connections

Barry RubyPosted
  • Developer
  • Boulder, CO
  • Posts 530
  • Votes 365

@Corey Guedry Hi Corey feel free to bounce any specific situation or question you have off me and I’ll give you my 2 cents if I’m able to help.