All Forum Posts by: Barry Ruby

@Horace Mann

Horace,

Cost is one side of the equation. Have you determined the capitalized value of the project? Does it support your projected cost PLUS a target profit?

In any event, in addition to land cost, is soft, site cost and financing fees and interest included in your “construction” cost?

Let me know if you need a hand in refinancing your feasibility analysis.

@Jamiru Mutebi

Make sure that you fully understand how the numbers and legal structures work

Learn how to conduct pro forma analysis and contact law

Let me know if you have any specific questions

@David Sotomayor

David, I admire your passion and efforts to date. However, based on the information given and the questions you are asking, it seems like you would be wise to spend some time educating yourself before sourcing another site or building another team.

The developer is the captain, general manager, coach and leader of the development team.

The developer must know how to select and underwrite the highest and best use of a site. Must be able to properly control the site and get it permitted. Must be able to fully articulate the investment opportunity to team members, investors, lenders and the world.

If you are missing any of these skills, providing details about how and why your past efforts have failed is not as consequential as getting the education and experience needed to execute a ground up development.

Please feel free to contact me if you’d like to discuss this further. In any event, I wish you the best of luck in your development efforts.

@Henry Clark

Thank you Henry

@Henry Clark

Yes, but what's the impact on price points?

(Rent and or sales)?

Hi Lamar,

Congratulations on getting this deal rolling. The major concern I would have is with the purchase contract. 90 days is not a lot of time to figure things out and 10% of the PP means you are in for the rest of the ride, which has a pretty short fuse of its own.

I'd be happy to have a look at your numbers and let you know if I see any red flags. If so, you are most likely going to need to lean into addressing them before the 90th day of your contract's term.

Hi Mathew, Please send an investment package to me 

@Brady Mullen

Great clarification!

@Brandon Buoniconti

Brandon, you don't bring a property to an investor or a lender, you bring them a well thought out transaction that represents an investment opportunity.

What you are describing needs a developer’s eyeballs on it to vet the feasibility and performance of the proposed project

@Brady Mullen

A cap rate is your return if you buy the NOI and don't leverage it.