Explore "ryangibson" with insightful episodes like "Value Add Storage Facility Investing with Ryan Gibson - CRE PN #403", "BIGGEST RISK with Ryan Gibson", "168 – M Raven Metzner Interview", "167 – Rebellion Reborn #34 – Heroes Godsend #5" and "166 – Rebellion Reborn Roundtable #6" from podcasts like ""Commercial Real Estate Pro Network", "Commercial Real Estate Pro Network", "Primatech Files Podcast", "Primatech Files Podcast" and "Primatech Files Podcast"" and more!
Today, my guest is Ryan Gibson. Ryan is the co founder president and chief investment officer of Spartan Investment Group. Ryan has organized over 200 million of private equity for Spartans projects across the country. And in just a minute, we're going to speak with Ryan about real estate investing and development.
J Darrin Gross
I'd like to ask you, Ryan Gibson, what is the Biggest Risk?
Ryan Gibson
Yeah, so I would say your biggest risks are external threats. Things like cap rate expansion, you know, property values declining, really can't control that. Interest rate, risk, etc. But I would say my focus that I'd like to share is five main things that I look at, in underwriting a deal. In I can do this in 10 seconds. I look at revenue growth year over year, and is it reasonable? Does the business plan, identify if that revenue is achievable based on the market study that you've done, somebody else has done or an operator's done? The second thing I look at is insurance. So insurance costs are not going down. So if you have not pro forma added, that your insurance expenses are going up, I usually don't like the deal anymore. As much. The second thing that I access risk, or the third thing is property taxes, property taxes are not going down, property taxes are going up. And if you're not planning on property taxes, at least doubling over a five year hold period, I don't think we've assessed the risk and the opportunity. The third thing I look at is expense to gross our revenue to expense income. So Egi, expense to gross income ratio, I guess there's another way of saying it Egi. That's if you make $1 of revenue, what percentage will be your operating expenses. And so in self storage, I'll look at a deal. And I'll say, you know, I expect to see between 35 and 40%, expense to gross income ratio, meaning that if you're collecting $1, I expect to see 35 to 40 cents for that dollar and expenses, and all your utilities, insurance, property taxes, all that stuff before debt service. If I see that number 20%, or 15%, I don't think there has been enough assessment in the underwriting to really accurately depict the worthiness of that deal. And the last thing I look at is cap rate. Because cap rate, you know, we love to everybody loves to think that they're the best operator, they have secrets and things like that. But at the end of the day, cap rates drive the value, they drive, the value, they drive, the exit strategy they drive, the market really drives where a lot of these assets can perform. And yeah, we can control and do our best. But that cap rate really makes an impact. I mean, one $1 on a 6% cap rate means $15 evaluation. So yes, operating income can do that. But I like to see an investment where you can stress test it. And that you can actually show the cap rate getting worse than what you bought it for. Not from your operations, but just market cap rates. So if you buy something going in cap rate at 5%. In today's market, I'd like to see that it can exit at a market cap rate of 6% and still be profitable. So when I assess risk, I look at those five things and underwriting and I and I really kind of stick to my guns on that. That's how I can look at a deal in 30 seconds. No, have they adequately assess the risk? Of course, there's tons of more things that you need to do beyond that, but those are kind of my five quick checkboxes on any opportunity.
168 – M Raven Metzner Interview
Ricky talks with Heroes Reborn writer M Raven Metzner – discussion includes Pokemon Go and his choice of team, his tells us a little bit about himself, who his favourite character of Heroes Prime, favourite episode of Heroes Prime, how he got started in the business, which aspect of the show he liked to work on, still trying to figure out what WH stands for in the computer games, getting the call for Heroes Reborn, research for Heroes Reborn, favourite Heroes Reborn episode, any pressure writing his episode, co-producing the episode and what that entails, his reaction to watching his episode, favourite Heroes Reborn character, his reaction to watching the episodes, and talk about the Sleepy Hollow finale.
You can find Raven at his twitter @mraven257
Follow Primatech Files on their social media – just search “Primtech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
167 – Rebellion Reborn #34 – Heroes Godsend #5
Ricky and Lilith discuss Heroes Godsend #5 – discussion includes apologies for the lack of new episode the week before, Comic Con and Pokemon Go, whats happening with Primatech Files going forward, thoughts on the big reveal, loving Farah’s story because of it being linked to the Heroes Prime past and general thoughts on the Godsend series in general.
Follow Primatech Files on their social media – just search “Primtech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
166 – Rebellion Reborn Roundtable #6
Ricky enjoyed talking to the guys from HeroesTheRPG that he invited them back to talk about how they got into Heroes Prime, and their thoughts on Heroes Reborn – discussion includes what first drew them into watching Heroes Prime, favourite Volume, favourite Heroes Prime character, Heroes Reborn Dark Matters, what they thought of Heroes Reborn and where it ranks in terms of Volumes, what they would have cut from Heroes Reborn, favourite moment of Heroes Reborn, MVP of Heroes Reborn, MVP of NEW Heroes Reborn characters, Noah’s sacrifice, multiplatform storytelling, and what they would like to see for a would be Season 2.
You can find HeroestheRPG at http://heroestherpg.proboards.com/
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
165 – HeroesTheRPG
Ricky finishes off his RPG talk with some of the admin from HeroesTheRPG. Ricky is joined by Janey/No One Special, Quillmaster and Caboose – discussion includes the origins of Heroes the RPG, Canon Characters, keeping the original characters powers grounded, how the show affected the Canon Characters in the RPG, diverging from the Canon, Site Wide vs User Driven storylines, was the Site Plot affected by the User Stories?, how much input the Users get in terms of Site Wide Plot, using Event in Plot to create characters, Mulitplatform Storytelling Canon Characters, Heroes Choose Your Own Adventure (AKA Heroes Survival), the way they played the previous volumes, the current Volume, and Heroes Reborn Canon being brought into the RPG.
You can find HeroestheRPG at http://heroestherpg.proboards.com/
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
164 – Brave New World RPG
Ricky carries on his journey down the RPG rabbit hole, this time going to a tumblr RPG in Brave New World. Ricky talks with Cogs and Alex the admins of the site – discussion includes finding out about Alex’s Heroes Prime favourites and her thoughts on Heroes Reborn, the beginnings of Brave New World and the volumes up to present day, explaining how Tumblr RPGing works, how they come up with the storyarcs, Canon Characters, Heroes Reborn integration, the current volume, and Canon Biog Divergence.
You can find Brave New World at http://heroesrp.com and on twitter @bnwrpgpromo. You can follow Cogs on twitter @BennetTwinnets and Alex on twitter @intuitivc – you can also read the plot summeries at http://itsabravenewworldrpg.tumblr.com/plot
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
163 – Rebellion Reborn #33 - Heroes Godsend #4
Ricky and Lilith discuss Heroes Godsend #4 – discussion includes breaking down the comic book, thinking about the context as to when the comic is set, some of the developments in the comic informing Farah’s character in the show, the “big bad” looking familiar, gentrification, Netflix Daredevil, the “little bad” also looking familiar, and Easter eggs.
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
162 – Heroes Eclipse RPG
Ricky goes back to where his Heroes love really started to take shape, at his old RPG forum Heroes Eclipse. Ricky talks with one of the admin of the site Beeg – discussion includes discovering Heroes for the first time, starting out on the 9th Wonders RPG and moving to Eclipse, favourite Volume, favourite Character, her thoughts on Heroes Reborn, how Eclipse first started, Canon characters, Canon Characters vs Original Characters, where Eclipse diverged from Heroes Prime Canon, RPGing using proboards, Open Posts vs Planned Posts, Site Wide Storylines vs User Driven Storylines, Factions within Eclipse, User Input, the different Volumes of Eclipse, and whether or not they can integrate Heroes Reborn into their site.
You can find Heroes Eclipse at http://eclipse913.proboards.com/
If you want to read the full summaries of the Volumes you can go to http://eclipse913.proboards.com/thread/19669/detailed-summary-eclipses-history
Follow Primatech Files on their social media – just search “Primtech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
160 – Rebellion Reborn #32 – Heroes Godsend #3
Lilith and Ricky discuss Heroes Godsend #3 – discussion begins by talking about Milo’s interview on the Gilmore Guys podcast, they then break down the comic book, recapping the issues along with Easter Eggs.
Follow Primatech Files on their social media – just search “Primtech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
159 – Rebellion Reborn #31 – Heroes Reborn DVD Featurette
Lilith and Ricky continue talking about the Heroes Reborn DVD – in this episode they discuss the featurette, Reliving the Legacy – discussion includes there being no HeroTruther youtube content, being slightly disappointed with the featurette, breaking down the featurette in its entirety, whatever happened to Francis?, Ricky get clarification on a benihana chef, 3 different Hiro’s, debeating whether Angela and Mohinder ever had a scene together, deciding that if you hadn’t been a big Heroes fan this would’ve been a good featurette for you or something good to put before the season started as a hype promo, AWARD WINNING Heroes Reborn Dark Matters, the plans for Primatech Files moving forward, and giving you a heads up to take a listen to “Gilmore Guys” podcast interview with Milo Ventimiglia as we will discuss it next week.
Follow Primatech Files on their social media – just search “Primtech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
158 – Rebellion Reborn #31 – Heroes Reborn DVD Deleted Scenes
Lilith and Ricky bought the Heroes Reborn DVD – in this episode they discuss the Deleted Scenes – discussion includes which version of the DVD they purchased, the limited edition artwork, breaking down the individual deleted scenes and whether or not they should’ve been deleted, Ricky liking Julia being explain – Lilith not so much, how much of Sendhil’s sequences were taken out?, and where was the after show youtube videos?
Follow Primatech Files on their social media – just search “Primtech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
157 – Joey Falco Interview #2
Ricky talks to Joey Falco – discussion includes the status of the feature film he and Tim are working on, the writing room process, binge-watching against week to week, anything from the first two issues that he would’ve liked to get into the show itself, talking about the artist Roy Allan Martinez who worked on the comic, when Godsend was written, where he sees the character of Farah once Godsend has finished, Team Farlos/El VengaTruthers, scripting a comic book vs scripting a teleplay, restrictions on characters he could use, the one big change from his original outline (YOU WILL WANT TO HEAR THIS), any more upcoming cameos, The Haitian speaks, and the two Angela’s
Follow Primatech Files on their social media – just search “Primtech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
156 – Rebellion Reborn #30 - Heroes Godsend #2
Ricky and Lilith discuss Heroes Godsend #2 – discussion includes all the latest Heroes Reborn news, recapping the issues, timeline conundrums, Easter eggs, and theory crafting the next issue.
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
155 – Adam Sklar Interview
Ricky interviews the Author of the Heroes Fan Novel, Heroes Godsend, Adam Sklar – discussion includes finding out about Adam, what inspired him, how he first started watching Heroes, favourite character, influences on his writing style, idea for Heroes Godsend and influences, how long the novel took to write, did Heroes Reborn have any influence on Heroes Godsend, the ideas for the powers, the idea of Noah Gray and his parentage, thoughts on Heroes Reborn, favourite Heroes Reborn character, what’s to come in the future for Heroes Godsend, Nomad/HRG, Godsend Device/Fringe comparisons, the timeline of the new Heroes Godsend chapters, after ideas to be set after Heroes Reborn, and canon characters who weren’t used that well.
You can find out more about Adam on his Facebook page facebook.com/sklarlightwo
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
154 – Heroes Godsend The Fan Novel
Ricky and Lilith discuss the Heroes Fan Novel, Heroes Godsend, discussion includes breaking down the chapters, and their thoughts on the Novel itself.
Wattpad: https://www.wattpad.com/myworks/60914112-heroes-godsend
Inkitt: http://www.inkitt.com/stories/60162
Teaser: https://www.youtube.com/watch?v=MdL90fboq5I
Covers and Cast List: http://primatechfiles.tumblr.com/post/142236255919/heroes-godsend-fan-novel-covers-and-cast-list-you
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
153 – Rebellion Reborn Roundtable #5
Ricky is joined by some Primatech Peeps to have a discussion on Heroes Reborn – discussion includes how they first got into Heroes, their favourite memory of the show, Integrating the Heroes Prime characters into Heroes Reborn, Heroes Reborn overall, the nostalgia factor, what could’ve been improved, Heroes Reborn MVP, their thoughts on the extra content, and what would they liked to see in a would be Season 2.
You can find Charlie @EnglishIdiot101
You can find Cogs @BennetTwinnets or you can join her RPG at heroesrp.com
And you can find Chris at the Heroes Fans Unite facebook page https://www.facebook.com/groups/HeroesFansUnite
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
152 – Primatech Files 1 Year Anniversary
Lilith and Ricky celebrate their One Year Anniversary by fan-ficcing a would be season 2, with special guests. Here’s what they came up with (with help from Primatech Peeps and Special Guests)
Here’s what they came up with, using all the fans ideas – sure it is out there, but we had a lot to try and work with
TV SEASON
Returning characters – Quentin, Parkman, Mohinder, The Haitian, Peter, Sylar, Hiro, Micah, Malina
New Character – Hammer, (kinda new) Serious Looking Woman
No more saving the world, - so it’s gonna be a Heroes vs Villains arc – teams are Hammer, Parkman, Micah, and Mohinder.
Hammer owns/works for the Organisation from Heroes Destiny Webisode
Hammer is Issac Mendez’ twin – he’s our way to see the other side to the Founders who weren’t known about – Power is Pheromone Manipulation.
The Haitian is the one who ultimately stops everything
WEBISODES
The Founders – each episode is a different time period. This will introduce us to Issac/Hammer’s father.
What Ando was doing – 3 part Cadillac episode.
GRAPHIC NOVELS
El VengaTruther
E-BOOKS
Cole Cutler directly after interviewing Quentin in the finale, and it will lead us to the new world of Season 2 written by David Bishop
Save the Cheerleader Destory the World but from the Fathers perspective by Keith DeCandido
COMPUTER GAMES
Complementary to the Founders Webisodes giving us clues to the Nameless Founders and breaking down the Catalyst.
Mobile Game is Malina when she was with Angela.
AUDIO DRAMA
How Harris and Erica first met and formed their Alliance.
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
151 – Heroes Reborn #29 – Heroes Godsend #1
Lilith and Ricky discuss Heroes Godsend #1 – discussion includes Nazneen Contractor picking up one of the leads in Chicago Justice, Danika Yarosh appearing on SVU, Heroes Godsend breakdown, their love for the comic, the sage figure in the issue, and finishing off the grade.
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
150 – Rebellion Reborn #28 – Heroes Vengeance #5
Ricky and Lilith are back talking the final part of Heroes Vengeance – they start off by discussing the news, theory crafting the House of M return, they finish off by talking about Heroes Vengeance discussing the final issue, their thoughts on the comic series as a whole and finishing off with grades.
Follow Primatech Files on their social media – just search “Primatech Files” on facebook, tumblr, youtube, twitter or clammr. You can also email primatechfiles@gmail.com or find them on their individual twitters @rickyjdiaz or @lilithhellfire
NB There may be spoilers in this review
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