Real Estate Development | $20,000,000 Project Breakdown | Sal Buscemi on Founders Club

Sal is very wise!!

I lost all respect for the guy when he says he reads Zero Hedge… LOL! My rule of investing: if a person can’t understand what reality is, I would never ever give him one penny of my money!!! Also, this was 3 years ago and he said interest rates will never ever go up… LOL! See? See what happens when you don’t know what reality is?? 🤮

Can you elaborate on the put option part?

Nice interview, but you kept the poor guy in the heat for far too long. Would have been much better if you would have just shown a separate walk through.

Thanks for this conversation guys. I’m preparing to get into my first commercial real estate project and am just learning as much as possible. This is super helpful!

Awesome interview! Very thorough question & answers. Candid, informative and practical!!

Holy hell this guy knows his shit. Literally the person I aspire to be.

Real goat 🐐

I'd be interested in hearing about he got his initial funding

The best investment/ real estate business video I've watched so far. I've taken two pages of notes and will be going back over them to get a deeper understanding of these strategies and terms.

I'd like to do this on a much smaller level. How do you get started? I reached out to my local municipality to inquire on how to acquire one of the many rundown buildings in the area. I presented myself as a "developer " and was somewhat laughed out the door so to speak. Is this something that can be done on a small scale or is this for high rollers and big movers and shakers?

Great advice. I lol'd about his comment about interest rates .

ExpAnsive! ... Brp Brp!!!

wow, so much insight on how it is to be in the industry.

Do warehouses do well during stagflation?

Would you buy a 9 cap several months before a 5 yr renewal?

where would u even start to become a developer

I want to build a fly in airpark community.

Well that's stupid. What's the point of working 80-90 hours a week if you can't enjoy the fruits of your labor i.e. spend your earnings on things you like? Might as well work a regular 9-5 and forget legacy since the grandkids will end up broke anyway. Nah, that advice is rubbish nonsense. It's the things that get me up early in the morning and motivate me to work 80 hours a week. To hell with what anyone else think's I'm getting my dream Lambo and driving it till the wheels fall off.

LMAOOO this guy is gold

Interview John Mcnellis

Hes an Ivy leaguer them are the ones who reach the 1%.

This dude is a brain 🧠 great interview that's for sure.

Them 805 are terrible beers , taste like rotten bad coffee

Several thoughts on this video
1. His current project seems like a winner- commercial/industrial space in Las Vegas.
2. It looks bad if this guy is not investing his own money in all of his deals when he is raising funds. Did he really say that he is investing his mothers (living in a nursing home) and his late brothers money?
3. This guy is a bit too obnoxious and not really likeable. He talks too much. I am not sure how much I would trust him.

Did this interviewer get a word in during this interview? As the interviewer you need to take control and ask very specific questions. Just don't let you guest give a marketing promotion of how smart/wonderful they are.

So basically, unless you have wealthy parents, worked on Wall Street, or have years of operating experience then there is no way to start working as a developer??

How would you suggest someone get started, who would like to organize, design, and convert rural land to a subdivision? I'm a licensed civil engineer, but I'm interested in designing a small subdivision, and organizing the rezoning, its design, and infrastructure (road, drainage, water, sewer) construction myself. Or, how could I structure loans, and find capital for just converting the zoning, and handing the design over to a builder? Thank you!

What happens when we break up and how long will be be married for .. such important questions to ask in a partnership

Great Podcast , you can learn so much from this conversion. More info then going to a college course.

Watching again before I meet with my mentor so that I have fresh ideas to discuss 👌🏼👍🏼🔥

Amazing video! The knowledge in here is immense

What kind of car does he drive? lol. Talks about cherry red Porsches, and Bentleys but doesn’t say what he drives other than a 2-door coupe. I have to know?

assets have a risk rating by credit rating companies for those investors looking to preserve there capital meaning maintain it's market value upon the future sale decades later they are reliant upon certain factors

I wanted my land to be sold is a very good location

Sal I have a 73 acres land for sale in vernal Utah ready to develop utilities are included would you mind send some buyers in vernal Utah while the price of my land is still bargain

With a cold 805 on the table. My type of dudes!

I don't believe him how much is an expensive car?

Just came across this and holy shit that has to be the coolest job ever. Life goal right here damn

do increasing interest rates lead to higher cap rates?

Thanks for posting!!

Ton of Gold.

Your best video yet! Tons of value. Is the Dan Drew Letter still active?

Knowledge is power

What an incredible conversation. I’ve learned more from this guy than I did in my real estate finance course in college I paid $3k for. Oliver you are an amazing interviewer, letting the man speak and guide the conversation and going deeper when it’s useful. Subscribed!

Great explaination by Sal. Really enjoyed his insigth into raising private equity.