Community Magazine January 2021

14 COMMUNITY MAGAZINE WEEK ONE : FINANCIAL JULY 15-18, 2019 I MON.-THURS. I 9AM – 5:30PM - Hillel Yeshiva, Ocean Twp. OR ANALYSIS JULY 22-25, 2019 I MON.-THURS. I 9AM – 5:30PM - Five Towns JCC, Far Rockaway What you’ll learn :  Essential concepts of real estate financial & investment analysis  Property valuation: How to develop an operating statement and apply capitalization rates to estimate property value  Determining net operating income (NOI)  Multi-year cash flow forecast – the pro forma income statement  How to estimate asset value and investment returns Course #: REFI-1010-02 $1,995 Register & pay by June 15 with early bird: $1,895 WEEK TWO: DEVELOPMENT JULY 22-25 I MON.-THURS. I 9AM – 5: 30PM - Hillel Yeshiva, Ocean Twp. OR PROCESS JULY 29- AUG 1 I MON.-THURS. I 10:30AM – 6PM - Five Towns JCC, Far Rockaway What you’ll learn :  The phases and procedures of developing various property types – multifamily and mixed-use  How to conduct a market analysis and site selection  Marketability and design considerations, budgets, and project pro forma  How to create a feasibility study; raising equity and financing  Construction considerations, marketing and leasing, property management Course #: REFI-1020-02 $1,995 Register & pay by May 30 with early bird: $1,895 To register: e-mail: realestate@fordham.edu or call 212-636-7626 www.fordham.edu/realestate Who Should Enroll?  Current and potential real estate investors  People considering a career in real estate  Those looking to pivot in their career Real Estate Certificate in Finance & Investment Early Bird Special: Save up to $200 if you register and pay by June 15 Summer Intensive Starting July 15 Hillel Yeshiva 1025 Deal Road, Ocean Township, NJ Program Advantages  Taught by real estate finance and investment professionals  Convenient location: Hillel Yeshiva  Those who complete the certificate are eligible for a GMAT waiver for Fordham’s MS in Real Estate לעילוי נשמתם של משה בן עליזה, יצחק הלל בן עליזה, והנרייט לאה בת עליזה, דוד בן גילה, רבקה בת גילה, יהושע בן גילה, משה בן גילה, שרה בת גילה, יעקב בן גילה, ואליאנה בת גילה. ולרפואה שלמה ליוסף בן אהובה מסעודה, שילת אהובה בת עליזה, ודניאל בן עליזה. Home&Stone FIXTURES FAUCETS HARDWARE ACCESSORIES 1663 Coney Island Ave Brooklyn NY 11230 Valet Parking Appointments Welcome 718.787.1000 homeandstone.com @homeandstone We come into this world with a ton of potential, but it is up to us to maximize it. We are to “partner” with Gd in the process of our own creation by taking what we have been given, all our capabilities and talents, and harnessing them to become the outstanding person that we are each meant to become. And the way we maximize our potential, the way we grow and achieve, is by overcoming challenges, by withstanding difficult tests. We know this from the story of what might likely be the most difficult test ever withstood by a human being – the test of akedat Yitzhak , when Gd commanded Avraham to sacrifice his beloved son. Avraham lifted the knife to slaughter his son – and just then, an angel called out, instructing him to withdraw the sword, as this was but a test. When the angel called to Avraham, he announced, “Avraham! Avraham” (Beresheet 22:11). This repetition of Avraham’s name has been understood to mean that the real- life “Avraham” at that moment was identical to the potential “Avraham.” Having withstood ten difficult tests, including the hardest test of all, the test of the akedah , Avraham had fully maximized his potential. There was no gap whatsoever between the Avraham who existed and the Avraham who could have existed. This is the deep meaning of the angel’s cry, “Avraham! Avraham!” – that he had reached the greatest level he was capable of reaching, by withstanding ten such difficult tests. This is how we “partner” with Gd in our own creation – by withstanding the tests and challenges that He sends our way. I have yet to meet a person who has no challenges in life. Every person, no matter who he is, no matter how much money he has, no matter how healthy he is, no matter how beautiful a family he has, faces difficult tests of one sort or another. And no two people’s sets of tests are the same. Gd sends each person the specific tests that he needs to confront in order to perfect his unique soul. Since each soul is different from all others, each person’s challenges are different from those faced by all others. We are given precisely the tests that we need to overcome in order to maximize our unique potential. The Tests of Wealth With this background, let us return to Beneh Yisrael ’s preparations for the Exodus. For over two centuries, Beneh Yisrael faced the difficult test of suffering and deprivation. They were persecuted, humiliated, tormented, and starved. They endured harsh conditions that none of us have ever experienced or will ever experience. Intuitively, we might assume that Beneh Yisrael would have been excited over the prospect of achieving wealth, that they would have relished the opportunity to now suddenly become rich. But Gd knew that this was not the case, that the people would actually be reluctant to take the Egyptians’ possessions. After enduring the challenges of poverty, they would not necessarily welcome the challenges of wealth. All people dream of wealth, but it comes with its own set of difficult tests. 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