New Development with Due Diligence: From Trees to Keys with Ryan Gibson Episode #155

GUEST SUMMARY This week we have Ryan Gibson in the lab that started as a commercial airline pilot and brought over the discipline of his checklists into becoming a Chief Investment Officer, who now dedicates his time to helping people save money using his 150 points due-diligence checklist for investor relations and raising capital for projects. Ryan Gibson is the Chief Investment Officer and the Co-Founder of SIG. He has organized over $30M of private equity for Spartan’s projects. Ryan has experience managing the development of SIGs projects in challenging markets. In this episode, you will learn the biggest obstacles that investors struggle within value add, development, and building facilities from the ground up while increasing cash flow as efficiently as possible. If you’re in the process of building or buying facilities and adding value by adding units to them within a structured environment, you don’t want to miss this. HIGHLIGHTS OF THE EPISODE: 03:30 - Background of the guest 07:43 - Transitioning to airlines 11:48 - Importance of getting educated 15:28 - Learning as much about the real estate industry KEEPING IT REAL: 21:20 - CEOs should stay at the strategic level 23:32 - Having better-defined criteria - saying no or yes to a deal 28:08 - How often should we look at the criteria 32:09 - Why self-storage 34:31 - Why you should study the market 41:15 - Setting expectations 45:01 - Experiment, Fail, Learn and Repeat 50:24 - Key takeaway - Human Capital 55:08 - Favorite book -  My Life and Work by Henry Ford NOTABLE QUOTES (KEY LESSONS): 4:23 - “You do it right, or you die.” - Ryan Gibson 5:51 -  “Even the most basic things you’ve got to get on a checklist, because we’re people before we are investors, and we’re prone to make mistakes. And even the best Real Estate Investors that say I don’t need a checklist, I don’t need to have these things documented or processed are going to make mistakes, because of complacency.” - Ryan Gibson CONNECTING WITH THE GUEST Website: https://spartan-investors.com/ Facebook: https://www.facebook.com/spartaninvestmentgroup/ Twitter: https://twitter.com/SpartanInvestGp Instagram: instagram.com/spartaninvestmentgroup/ YouTube: https://www.youtube.com/spartanhomebuyers