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

[@RF-xe1ov]

Having known Sal and AJ for 10 years, they know what works, They are responsible for my commercial projects being successful. Can't thank you guys enough.

[@OliverGrafTV]

Awesome, thanks for sharing! 🙌👍

[@jaredmowry8544]

Sure they are bud, haha!

[@healthmat3971]

Congratulations for your success

[@KidAstronaut]

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!

[@yasha1876]

All the best on your project!

[@OliverGrafTV]

Thank, glad to hear it, appreciate you tuning in! Good luck on the project 🙌

[@aram8067]

One of the most enlightening podcasts I've ever seen

[@OliverGrafTV]

Thank you, glad you enjoyed it! Let me know if here are any other guests or real estate development topics you’d like me to cover 🙌👍

[@DanieleSicaRealEstate]

That was a great episode!!!! Integrity is very important, and its very valuable to have an extraordinary deal!!!!

[@OliverGrafTV]

Thanks for the kind words, glad you enjoyed it! Let me know if there’s any other guests you’d like to see. 🙌

[@keatonenglish]

Fantastic episode. I like how he is sitting on a bucket. hahaa keeping it simple but making it work

[@OliverGrafTV]

Keaton English thanks! Not only was he sitting on a bucket, it was like 108 degrees in there! No AC in a hot Vegas building 😂

[@lukegander6876]

Amazing video! The knowledge in here is immense

[@OliverGrafTV]

Thank you, appreciate the kind words! Sal is an amazing real estate developer 👍

[@40EntrepreneurDrive]

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.

[@OliverGrafTV]

This is awesome, thanks for sharing! Let me know if there's any other guests you'd like to see on the show 🙌

[@imraneaidou5751]

It's nice to see that there are still people giving valuable information to their audience congratulations on such a successful podcast

[@OliverGrafTV]

Thank you, appreciate the kind words! Let me know if there are any other guests or topics you’d like to see 🙌

[@eduardomagana7250]

I thought both of you did a great job on this video very, informative!! I appreciate all your insight on building Sal!!! I just finished my first small rental build but I am looking forward to starting my next project.

[@OliverGrafTV]

Eduardo Magana thanks for the kind words and feedback! Good luck and keep us posted on your next project! 🙏🙌

[@salvatorebuscemi2509]

Thank you kindly, Eduardo!

[@healthmat3971]

Very nice. All the best

[@paulbellas8797]

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

[@OliverGrafTV]

Glad you enjoyed it! Let us know if there are any other real estate topics you’d like us to cover 🙌👍

[@RealtyEntrepreneur]

Love this setup of tranches and building up capital over the deadlines for each tranche to keep everyone engaged in the process.

[@OliverGrafTV]

Andrew Greer great strategy, get that money! 💰🙌💰

[@salvatorebuscemi2509]

You need to keep it from going stale with your investors

[@HEBREWESS]

@@salvatorebuscemi2509 Thank You Sal!!! You had me at 1:00:47 "...somebody *almost* had cancer... and" 🤣 @OliverGrafTV Terrific guest and great interview. Can barely believe that I'm just finding this vid, but you both have a new stalk---, uh uhm... *subscriber!* 😉

[@marshellsilvs6978]

Great video, one of the best if not the best. Sal has tremendous energy, experience and wit that makes him easy to like and respect. Thank you

[@OliverGrafTV]

Couldn't agree more. Sal brings an amazing energy. Appreciate the comment and glad you enjoyed the interview!

[@updegraffgrouprochesterinv2546]

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

[@OliverGrafTV]

Thank you, appreciate you tuning in! 🙌

[@Visiondrivenllc]

This is good information for privileged Developers taking practically risk free chances with A+ connections. 😮

[@KingoftheJiangl]

Exactly they didn't have to work for those at all

[@OliverGrafTV]

How did you figure? Anyone could put together a deal like this, not “easy” but totally doable 🙌

[@BigBlockRealty]

Loved this episode, what a beautiful development project!

[@OliverGrafTV]

Thank you, he did an amazing job with this real estate development!

[@NelsonRodriguezOnlin]

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

[@OliverGrafTV]

Thank you, appreciate the kind words, and let me know if there are any other guests or real estate development topics you’d like us to cover? Yes the letter is still active if you go to the domain he mentioned. Good luck!

[@lukegander6876]

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

[@salvatorebuscemi2509]

You may like this special report then as it replaces The Dandrew Letter: www.investinglegacy.com/oliver-special

[@OliverGrafTV]

Cool! Let us know if you have any real estate development related questions! 🙌👍

[@realestateuniversity414]

This interview a hidden gem 💎 crazy

[@OliverGrafTV]

Thank you! Appreciate the feedback. Share it with some friends lol 🙌

[@ashpathi3088]

Is there a recent episode interview post completion? Would be interested…

[@OliverGrafTV]

Good call, thanks for the feedback, I’ll look into putting this together 👊

[@Lot39Investments]

Thanks for sharing!

[@OliverGrafTV]

Thanks, appreciate you!

[@matthewguerra5219]

Okay Few questions: Who, What, How, and when do we see the commissions? Stage 3 ?

[@OliverGrafTV]

Hey! There are several ways these types of deals can be structured to have different liquidity events… for example, you can get paid on acquisition, you can get paid on disposition, and you can get paid on other various parts of the transaction. And it also depends on if you’re asking as a real estate agent or investor. Hope that helps! 🙌

[@NotSoLittleBro]

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

[@OliverGrafTV]

Awesome, you can do it! Let me know if there's any other guests you'd like to see on the show 👍

[@preetpatel7853]

Can you elaborate on the put option part?

[@OliverGrafTV]

Did you have a specific question? Appreciate you tuning in!

[@somebodysomewhere5993]

Join charities... Brilliant. Never did that to network.

[@OliverGrafTV]

Brilliant

[@Johnnyappleseede]

As always great content Oliver and Sal so many useful nuggets of information in this interview! Glad I ran into this channel and subscribed.

[@OliverGrafTV]

Thanks a lot John, really appreciate it! 🙏👍 Let me know if you have any guests or topics you’d like to see? 🙌

[@CustomSuspension]

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

[@OliverGrafTV]

Thank you, awesome feedback! Let me know if you have any real estate development related questions 👍

[@Evansellsit]

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

[@OliverGrafTV]

Love it, thanks for the kind words! It was an honor to do this Real Estate development interview with Sal!! Let me know if there are any other guests or real estate topics you’d like us to cover? 🙏🙌

[@dre303]

Great video

[@OliverGrafTV]

Thanks! Let me know if there’s any other real estate development videos you’d like to see 🙌

[@ErickaWilliamsCC]

Informative

[@OliverGrafTV]

Thank you!

[@OliverGrafTV]

Like this interview? Do me a solid and… SUBSCRIBE TO MY CHANNEL: kzbin.info Find me on Instagram: instagram.com/olivergraf360

[@RandalColling]

31:10 " He will put in $100K of his own money.... on a $20MM deal. I've see that. It's not a lot of "Skin in the game". Many "Family offices" are rather conservative.

[@salvatorebuscemi2509]

Good point. It takes a strong track record and experience to be able to do that.

[@patmarco2251]

That’s not skin in the game, that’s not even finger nail!. And raising capital requires a private placement offering that states that “investors can afford to lose all capital invested”. Look it up. These guys are gambling with other people’s money for the Down payments and banks money on non recourse loans. Investors will get screwed when market pulls back. Same thing happened in 2008 but next one will be devastating because syndications and capital raising really sky rocketed since the jobs act in 2015.

[@OliverGrafTV]

All that is buttoned up by Sals team

[@OliverGrafTV]

🤔

[@Elleinteriors]

I love this guy😂 “Joe six pack on his second divorce, and his kids hate him” but actually incredible in-site, he’s a stud

[@OliverGrafTV]

lol

[@maytekstaffing]

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

[@OliverGrafTV]

Thanks Mason! Let me know if there's any other guests you'd like to see on the show 🙌

[@Ricocase]

Do warehouses do well during stagflation? Would you buy a 9 cap several months before a 5 yr renewal?

[@OliverGrafTV]

Lot's of other factors to take into consideration, but a nine cap with a 5 year lease term is a good start. Let me know if there's any other guests or topics you'd like to see on the show 🙌

[@ErickaWilliamsCC]

In austin tx industrial/flex spaces are 3% vacant. Most are brought as soon as they build them

[@empirebusinessmanagement1914]

Thanks for posting!!

[@OliverGrafTV]

Thanks! It was an honor to do this teal estate development interview with Sal Buscemi!! Let me know if there are any other guests or real estate topics you’d like us to cover? 🙏🙌

[@Native2Earth]

I feel like the hot new thing is self storage which are arguably more recession proof. Eviction is easier yet rarer. They rarely last on market.

[@OliverGrafTV]

True, great deals if you can get them 🙌

[@ziggyc4474]

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

[@OliverGrafTV]

Agreed, thanks 🙌👍

[@stephendodson328]

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!

[@OliverGrafTV]

Great questions… best thing to do is partner with people for the things you can’t / don’t want to do yourself. My first deal I had money partners, credit/loan partners, and a partner how ran the deal. The over time the more experienced you get the more is the roles you’ll be able to do yourself (or continue to partner where it makes sense) 🙌👍

[@jamesharris3109]

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

[@OliverGrafTV]

Thanks, I'll be having him on that again so I'll ask him. Let me know if there's any other guests you'd like to see on the show 🙌

[@tiahardy31715]

Very good question

[@kaosaeteurn425]

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

[@OliverGrafTV]

My man 👊

[@HEBREWESS]

07:33 09:03 💎10:27 12:00💎 14:18 15:17 16:12 17:18 19:33 20:27 21:05 22:25 23:52 26:51 31:12 33:25 🔥37:40🔥 40:33 54:43 💎56:00 56:27💎 1:05:05 1:10:48

[@OliverGrafTV]

🤷‍♂️

[@bryanbell9103]

Awesome interview! My question for Sal would be if the economy takes a dive, construction is going to take a dirt nap, contractors won't be buying as many prosumer power tools. What's stopping Milwaukee or other tenants form moving to the class B warehouse across the street that's offering incentives? He seems like a fun guy to party with. Great content!

[@OliverGrafTV]

Thanks for the kind words! I’ll pass this info along to Sal and see if he can give his perspective on that 🙏👍

[@bryanbell9103]

@@OliverGrafTV I guess a more general question would be what happens to class A during a down turn. I've watch a few more of your vids and they are amazing. Great long form interviews with amazing guests. Subscribed!

[@salvatorebuscemi2509]

@@bryanbell9103 This is a great question. Most of the tenants in this building have 2 things in common 1) they are established companies whose brand requires Class A premises, such as Milwaukie Tool and Carrier Air. They’re not going to just rent anywhere, so if anything happens, they will probably negotiate the rent lower. 2) These brands have been around as long as the family office who developed this has been. The Milwaukie Tool sign is - from my understanding - the only non-red Milwaukie Tool logo in the entire nation or world. So, the trust here is the oil that keeps the machine running. The point of the matter, no one abandons Class A just to go downstream like they do in multi-family should finances get tight for tenants. It’s a bit safer real estate, the tenants have rental escalations, strong balance sheets,, and just about anything can be negotiated before bad things happen. These tenants don’t pack up and leave that quickly, as seen in NYC.

[@bryanbell9103]

@@salvatorebuscemi2509 You rock buddy! Your project looks awesome. Thanks for the reply

[@nordonissi5545]

Great episode!

[@OliverGrafTV]

Thanks! Let me know if you’d like me to cover any other real estate development topics? 🙌👍

[@megancloses]

Wow this was awesome

[@OliverGrafTV]

Thanks! Appreciate the feedback 🙌 Let me know if there’s any other topics you’d like me to cover 👍

[@AyoooVictor]

Awesome Interview. Be upfront and show them who’s boss

[@OliverGrafTV]

That’s right, thanks! 👊

[@Ausnapify]

I take the same energy to my wife.

[@AG-vc9vk]

Me having a 20 mil project I want to develop and feeling lost. KZbin= “here you go”

[@OliverGrafTV]

Thanks, glad you enjoyed it! Let me know if there’s any other real estate development projects you’d like me to cover 👍

[@MrChuckwud]

I hope the current interest rate environment doesn't kill the refinance or sale #2023

[@OliverGrafTV]

I guess it depends if you NEED to sell 👍

[@40EntrepreneurDrive]

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?

[@OliverGrafTV]

You can definitely do this on a smaller scale as well. Great place to start meeting people is a the local Real Estate Investing Association and the local Land & Builders Associations 🙌

[@DanjoysHomemadePasta]

Knowledge is power

[@OliverGrafTV]

Thank you! Great getting to sit down with such an awesome real estate developer! 🙌👍

[@antonyreid7008]

Good Stuff1

[@OliverGrafTV]

Thanks 🙌

[@gladzalendo]

Ton of Gold.

[@OliverGrafTV]

Thanks for the kind words! It was an honor to do this Real Estate Development interview with Sal Buscemi!! Let me know if there are any other guests or real estate topics you’d like us to cover? 🙏🙌

[@sabercruiser.7053]

🔥🔥📈🆙 thank you 👍👍

[@OliverGrafTV]

Appreciate you watching! 🙌

[@dominiccastillo193]

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

[@OliverGrafTV]

Thanks, glad you enjoyed it! Let me know if there's any other guests or topics you'd like to see on the show 🙌

[@christianrooney4428]

Sal is very wise!!

[@OliverGrafTV]

Agreed 👊

[@davidjonathannn950]

where would u even start to become a developer

[@OliverGrafTV]

A great place to start is by networking at your local Real Estate Investors Association and Land & Builder Associations. If you can find a deal, you'll find someone there to partner with for the first few. Then once you learn the game you can start doing them on your own.

[@josephfeldman8925]

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??

[@OliverGrafTV]

Not sure that’s the best way to look at it… if you don’t have “wealthy parents” or have the funds yourself, the best thing to do is partner with people who have cash. If you can bring a good deal to the table it’s very easy to find money (you can even contact me to invest, I’m always looking for good deals). My first deal I had money partners, credit/loan partners, and a partner who ran the deal. The over time the more experienced you get the more money you’ll be able to put in yourself and the more roles you’ll be able to do yourself (then continue to partner where it makes sense) 🙌👍

[@Hialeah1925]

Is this guy a Kennedy!?

[@OliverGrafTV]

Haha, not sure! He is a bad ass teal estate developer though 🙌👍

[@ziggyc4474]

Interview John Mcnellis

[@OliverGrafTV]

Cool, I’ll check him out 👊

[@laurancekwashington949]

Prime content! Actionable suggestions!

[@OliverGrafTV]

Thanks! Let me know if there’s any other real estate development topics you’d like me to cover 👊👍

[@j.walker3498]

I want to build a fly in airpark community.

[@OliverGrafTV]

Very cool!!

[@user-gn1ic9ww8q]

eta 10;30 a.m. we should be inside of memphis give or take a few mins

[@OliverGrafTV]

⏰

[@mathewstuesser512]

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.

[@OliverGrafTV]

That’s how we roll 😂, appreciate you tuning in!

[@preetpatel7853]

do increasing interest rates lead to higher cap rates?

[@OliverGrafTV]

Great question, not necessarily. Cap Rate is based on return if you bought the piece of real estate with cash 👍

[@susanahaws5647]

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

[@OliverGrafTV]

Did it sell?

[@davidr4523]

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.

[@OliverGrafTV]

Thanks for the feedback, let me know if there’s any other guests you’d like to see on the show?

[@marioarcari7649]

wow fantastic

[@OliverGrafTV]

Thanks! Let me know if there are any other real estate development topics you’d like me to cover 🏡🙌👍

[@susanahaws5647]

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

[@OliverGrafTV]

Very cool, thanks for sharing! Do you have any info on the property, or link to the listing?

[@jessebustamante9094]

Real goat 🐐

[@OliverGrafTV]

Glad you enjoyed it, let me know if there's any other guests you'd like to see on the show 🙌

[@afrodisiachdentertainment5617]

ExpAnsive! ... Brp Brp!!!

[@OliverGrafTV]

🕵️

[@custodialtwo4997]

27:33

[@custodialtwo4997]

37:00

[@OliverGrafTV]

👍

[@mukondeleliratshilavhi5634]

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

[@OliverGrafTV]

Agreed, best to get it all payed out in advance 👍. Let me know if there are any other guests you’d like it to interview 👊

[@user-gn1ic9ww8q]

well be flying between 7500-10k ft admiring theclear blue skies

[@OliverGrafTV]

😎

[@user-gn1ic9ww8q]

once soony pulls out of memphis all hell will break loose then

[@OliverGrafTV]

Break what

[@johnmorey8107]

It looks like interest rates have gone up in your lifetime. Follow up?

[@salvatorebuscemi2509]

This was recorded before the pandemic and interest rates had to go up after the pandemic to control inflation after money was being dropped from helicopters. However, the performance of this asset is unmatched with a 27%+ IRR this far.

[@OliverGrafTV]

True, the deal still works though. And still other deals to be had, just have to be more diligence 🏆👊

[@jaygough3813]

LMAOOO this guy is gold

[@OliverGrafTV]

For sure, and one hell of a real estate developer! 🙌👍

[@davidr4523]

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.

[@OliverGrafTV]

1. Agreed 2. He is investing his own money 3. Lol, to each their own. Sal is awesome 👍

[@davidjonathannn950]

He worked on wallstreet jack ass what do u expect 😂😂

[@ziggyc4474]

Them 805 are terrible beers , taste like rotten bad coffee

[@OliverGrafTV]

Blasphemy, they’re amazing 🍻

[@TheChachona]

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

[@OliverGrafTV]

Say what?

[@TheChachona]

@@OliverGrafTV What matters is your networth not how you behave. Ben Mellah lives and drives expensive yet he does real estate at a high level. Grant Cardon his wife is eye watering expensive yet banks gives him money, Trump is extremely expensive yet his debt has no cap? Now you tell me?

[@OliverGrafTV]

Agreed

[@dal2888859]

Interest rate comment did not age well

[@OliverGrafTV]

True, who saw that coming lol 🙌

[@user-gn1ic9ww8q]

i walked up on your porch rachy and knocked on your door, i brought u breakfast even

[@OliverGrafTV]

I like breakfast

[@habskickmofoass]

Why does this guy look like he belongs in the Wolf of Wall Street?

[@OliverGrafTV]

Because he’s a real OG in the game ⚔️🙌

[@habskickmofoass]

@@OliverGrafTV of what, scams? And what's with those pearly whites? Almost as if he's trying to coblver something up .. bit suspicious mate.

[@julioochoa8444]

@@habskickmofoass ur comment sucks

[@habskickmofoass]

@@julioochoa8444 why do you say that

[@julioochoa8444]

@@habskickmofoass lol you’re instigating and judging

[@ziggyc4474]

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

[@OliverGrafTV]

You could also partner your way into deals as a great way to level up!

[@jaredmowry8544]

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?

[@nickbentley7645]

Jared, having known Sal for a decade, he could drive whatever the hell he wanted... but if you must know... It's a Mercedes S-Class. Oliver is the man BTW... you want to make money... Follow these two guys.

[@jaredmowry8544]

@@nickbentley7645: Oh, you know Sal too? Just like the other commenters! Does Sal know you? Even your face, let alone a name? You guys are comical. Notwithstanding, it is inspiring to see how you all look at Sal and Oscar as father-figures.

[@OliverGrafTV]

❤️❤️❤️ this comment, thanks @nickbently 🙌👊

[@jaredmowry8544]

You’re an absolute F’ing goof. Good luck making it to the top.

[@Law19157]

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.

[@OliverGrafTV]

I’m all about enjoying the fruits of my labor 🙌🍇🍓🍎🍐🍊👍

[@nikoli6612]

#vau

[@OliverGrafTV]

#realestatedeveloper 🏡🏡🏡

[@user-gn1ic9ww8q]

once his nose gets out of her limits well signal for u by popping your ears

[@OliverGrafTV]

👃

[@johnp999]

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?? 🤮

[@OliverGrafTV]

Huh?

[@kalpavriksha666]

Net works net worth but how to get the network kapavriksha realty globally net working

[@OliverGrafTV]

Get out there, attend events, connect on social media, and lots of follow up 🙌