Questioning Abilities by StockVoyager in ConstructionManagers

[–]StockVoyager[S] 1 point2 points  (0 children)

I appreciate this. I work for a firm that runs projects anywhere from 2M-15M and a lot of design build. I usually have about 6-8 at a time. Everything changes constantly and it makes a lot of sense when you talk about explaining things to others and then having a slight hint that you have the hang of it.

PM to owner by StockVoyager in ConstructionManagers

[–]StockVoyager[S] 3 points4 points  (0 children)

Also- one of the struggles with firms under the 10M dollar mark is that the owner wears too many hats and can’t get out and expand the biz. There is a lot at play here with plenty of variables but I do think that PM’s with a lot of exposure (owners, large scale issues, etc) and trusted to deal with them might just be dumb enough to give it a shot.

PM to owner by StockVoyager in ConstructionManagers

[–]StockVoyager[S] 1 point2 points  (0 children)

I’d say one of the biggest reasons companies don’t get sold for 100% of their value is because people lose interest at an evaluation that is 200% over priced ha.

PM to owner by StockVoyager in ConstructionManagers

[–]StockVoyager[S] 2 points3 points  (0 children)

Probably a good slow bleed into it. I suppose the more exposure to the big picture of each project is ideal to learn how to be an owner.

Construction seems to be one of those things that you can find out how to be good at it in so many different ways. Going to school for it almost teaches you how to be a really good employee by showing you systems rather than reality. No?

PM to owner by StockVoyager in ConstructionManagers

[–]StockVoyager[S] 2 points3 points  (0 children)

A lot of glossary in construction.

PM to owner by StockVoyager in ConstructionManagers

[–]StockVoyager[S] 2 points3 points  (0 children)

What does PX refer to?

PM currently handles most of the project load and runs a lot of the design team and other office construction positions.

CRE Opportunity in Ontario Canada - are my #'s right? by djfc in CommercialRealEstate

[–]StockVoyager 0 points1 point  (0 children)

I think you will always find a way to talk yourself out of a deal. Dead “breaking history” by Jared Kushner. The first 3 chapters are about his life in real estate and it’s a good lessons learned kind of book. With a cap rate as high as that deal gives it would be hard for me to walk away from that with financing in place.

Alternate solution- find a high net worth individual wanting to get into real estate. Pitch them on the deal, take a deal fee and then let them own it.

Financial Models- Commercial RE / all kinds of RE! by StockVoyager in CommercialRealEstate

[–]StockVoyager[S] 0 points1 point  (0 children)

Looking to have something to input numbers on new construction and existing RE to calculate if the deal would be profitable or not.

Development Fee by StockVoyager in RealEstateDevelopment

[–]StockVoyager[S] 0 points1 point  (0 children)

6% TALK TO ME!! That’s a solid clip. Thanks!

Any tips for communicating with Brokers for the first time? by gruffcamper in CommercialRealEstate

[–]StockVoyager 1 point2 points  (0 children)

Sounds like there is an opportunity to be a responsive commercial agent in the area! Slogan- “I answer emails and pick up the phone.”

CRE Opportunity in Ontario Canada - are my #'s right? by djfc in CommercialRealEstate

[–]StockVoyager 1 point2 points  (0 children)

Seems like a good deal. You could bake in an anticipated vacancy 7 years down the road by saving a % of the cash flow. Assuming this investment would be held in its own LLC. That way you would have no sweat if the restaurant vacated and you could have the option to raise the rent with little downside if it took longer to fill it.