All Forum Posts by: Barry Ruby

@Shannon DuPree I’m interested in chatting with you about this opportunity please DM me if you’d like to talk

@Jess Zavoral Congratulations on taking this step. One of the most valuable and important things you can do is to understand the industry vernacular and how it is applied to a real estate asset.

Feel free to DM me and will send a few pro forma snap shots.

I am completing a video that will walk you through the anatomy of a commercial real estate project in the form of a Multifamily value add transaction and send that along as soon as I it’s done.

Wishing you the best success

@Kaiser Saeed Hi Kaiser, typically a developer owns the project. A builder typically is the party that constructs the vertical improvements (homes).

The developer may or may not construct the horizontal (on on off site) and or vertical improvements and only obtain entitlements (permits) and elect to sell or JV the permitted project to a 3rd party builder that does the site and vertical work.

A developer typically forms a single purpose LLC and vests in it as its general partner. If the developer wants or needs help funding the equity required he/she will introduce an investor. The investor will vest in LLC as a limited partner. Equity generally is 25% of total project cost with the remaining 75% funded with bank debt.

As the GP, the developer has 100% control of the LLC. A typical split has the LP putting up 90% or 95% of the equity capital in exchange for a 70% to 75% split of the profits.

Hope this helps

I am forming a cost free private Facebook group focused on CRE and ground up development to address these issues and other related topics and invite you to join when it goes live.

@Susie Ivanov Susie let me know if I can be of any help for you

@Ibrahim Elvis Hi Ibrahhim, DM me and let me know how I I send you what I think you are looking for

@Alex Stimac Hi Alex, real estate development functions include a broad spectrum of professions. A developer needs to be able to speak the language of all of the professions to a degree that makes working with the team of professionals possible.

Choosing your niche profession is a step towards putting your toe in the development “pool”. Construction management or Commercial real estate broker can provide the entry point to development. So can mortgage banking.

The most essential tools you can acquire are those that lead to learning how a project goes together legally and financially.

Please feel free to contact me anytime if you’d like to talk about anything as you progress on your journey if you feel stuck or need a hand.

@Dan Kim Hi Dan send me a DM and I’ll send you a pro forma snap shot the shows the work up you are looking for

@Benjamin Carver Benjamin I suggest that that you start from where you are.

The projected numbers will always be changing until they become actuals.

The pro forma you initially create will morph along with the updated and refined data that you feed into it. It will also originally serve to provide a framework to use in gathering and inputting the assumptions and quotes you ask for and receive from perceived informed parties.

@Benjamin Carver Hi Benjamin, there’s a lot to unpack here

You need to run a pro forma on each scenario and set them side by side to compare the results to know the answer to your questions

Feel free to to DM me if you’d like to chat

BTW: where in Colorodo are you working?

@Greg Wilkerson Greg do you have any specific needs you need help with?