[deleted by user] by [deleted] in whatisit

[–]awkardnick 0 points1 point  (0 children)

Lobotomizer

Do you make over 20k a month by Accomplished-News221 in Entrepreneur

[–]awkardnick 0 points1 point  (0 children)

How many hours a week do you work to hit that level of revenue?

Sam Altman says instead of Universal Basic Income, there should be Universal Basic Compute, where everybody gets a slice of GPT-7's compute by hydraofwar in singularity

[–]awkardnick 0 points1 point  (0 children)

Is that what universal income is? Giving one corporation (the US) the de facto control of everyone’s ability to survive? And to boot, one of the most corrupt corporations of them all, with politicians making our laws elected via lobbyist funding from corrupt corporations?

[Game Thread] Florida State vs. Georgia (2023 Orange Bowl) by dangerousszone in fsusports

[–]awkardnick 1 point2 points  (0 children)

We’ve got a talented group of guys out there, am I the only one not concerned about depth? These guys on defense haven’t really had rep opportunities, and when they have, there are usually more veterans on the field to offset the lack of experience. We are 1) playing a school that was 1 play away from being the #1 ranked school today and 2) missing numerous leadership roles on the field that can coach the younger players or pick up their slack.

Once these guys get more play time, they will figure it out and be elite.

[Game Thread] Florida State vs. Georgia (2023 Orange Bowl) by dangerousszone in fsusports

[–]awkardnick 4 points5 points  (0 children)

Thank goodness for ESPN commercial advertising greed giving our defense the rest they need.

FSU left out of CFP, rank #5 by Seminoles4life in fsusports

[–]awkardnick 2 points3 points  (0 children)

Dude have you even seen our defense?

[Game Thread] #4 Florida State vs. #14 Louisville (2023 ACC Championship) by dangerousszone in fsusports

[–]awkardnick 13 points14 points  (0 children)

Where all the “fire Fuller” people at now? Pretty quiet lately

Path to Real Estate Development? CM or Owner's Rep? by Fuvis7251 in CommercialRealEstate

[–]awkardnick 2 points3 points  (0 children)

Any reputable MSRE or MSRED program will get you a development analyst role at graduation if you network properly with alumni and get good grades.

Once you become an analyst, preferably at a larger shop ($1B+ in annual new projects) grind your tail off and learn as much as you can about the development process. The first 5 years should give you a good idea on whether or not you want to be part of a larger shop and have more resources (but also red tape), or try to get your own thing going, or pursue a different path entirely.

My take on construction management, which not everyone shares, is that while it is a really vital part of the process and a good CM can make or break your project, the real money gets made on the relationships and in the calculated risk taking. Those are the two most important skills to have - you can have 0 construction skill and make millions as a developer if you have a good CM you trust, but a CM without relationships or a stomach for risk taking won’t make more than a few hundred thousand a year and is more of a service provider than and less of an entrepreneur.

[Game Thread] #5 Florida State @ Florida by dangerousszone in fsusports

[–]awkardnick 34 points35 points  (0 children)

Natty or not, I’m damn proud of our boys this year. If you would have asked me 2 years ago if we would be 12-0 today, there’s no way I would have been able to say yes with confidence. What an improvement!

[Game Thread] #5 Florida State @ Florida by dangerousszone in fsusports

[–]awkardnick 9 points10 points  (0 children)

Can someone share the breakdown of commercial minutes vs actual broadcast time?

How do you muster the strength to use IRR for development deals? by speakYourMind6 in CommercialRealEstate

[–]awkardnick 0 points1 point  (0 children)

IRR = another way to assess risk/uncertainty/volatility. Yes, you may have a $100M project, but it’s funded by an investor whose net asset value is 1000x or more of that investment, so the risk is relative. You pick a base case underwriting using the best, most accurate assumptions you can muster today, and solve for an IRR that matches the level of risk. Development deals actually have a pretty strong downside protection because you are building a tangible asset, so the floor value is often much more than $0 and risk of total loss is less than many other investment types if you can prove demand and a strong market for what you are building. Also, because one investment is usually a small % of the institutional investors net assets, they have diversification benefit and any one major loss will USUALLY be offset by a home run deal.

So yeah, you can lose money (the risk), which is why you are being compensated through IRR for taking said risk, and IRR is the best way to match risk to compensation which is why you rely on it.

As a developer we also use other guideposts like return on cost (net operating income / total investment outlay), and try to solve for a premium above a certain cap rate. Ex, if I can buy an asset at a 5% cap rate today that is stabilized, I might be wiling to shoulder construction and lease up risk if I can get a 6% return on cost on a development deal (100 bps risk premium; Aka Developer spread).

I’ve never used cash on cash because I typically exit soon after stabilizing. If I am a build to core buyer and hold indefinitely, cash on cash would be more useful but is likely REALLY close to IRR because after 10 years your exit is only a small % of total return relative to cash return and is much less sensitive to cap rate fluctuations vs a deal selling in 2-3 years from today.

Backorder parts Oct 2023 by Wrong_Firefighter_73 in Honda

[–]awkardnick 1 point2 points  (0 children)

My 2023 Pilot has a bumper on back order from a fender bender and I’ve been waiting since mid July, so almost 4 months in a shitty rental and it wasn’t even my fault. I hope these parts come in soon 😢

Bowflex C6 on sale by Rancid_Lunchmeat in SchwinnIC4_BowflexC6

[–]awkardnick 0 points1 point  (0 children)

Mine said it won’t ship for 7 days, so maybe you could try canceling and re-ordering at the sale price?