Community Magazine February 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 “left out”? Why did it disturb him that he did not donate to the Mishkan , if the donations were needed only for the purpose of rectifying a sin which he did not commit? Are we upset over not having the “privilege” of paying a ticket because we did not speed or park illegally? Transforming Sins Into Mitzvot The Hatam Sofer offers an astonishing answer, noting a number of famous rabbinic teachings regarding the great power and value of repentance. In Masechet Yoma (86b), the Gemara establishes that proper repentance does more than simply protect a person from punishment. If a person repents “ me’ahavah ” – out of love, with a sincere desire to draw closer to Gd, then his sins are converted into sources of merit. Teshuvah does not simply erase guilt – it actually lifts the person higher than he had been previously, as his sins are retroactively transformed into merits. The Hatam Sofer demonstrates how this works in a very dramatic way. He gives the example of somebody who ate non-kosher food – let’s say, a cheeseburger. He ate the cheeseburger knowing full well what he was doing, with the clear understanding that he was transgressing the Torah. Later, he sincerely regrets his mistake – not simply out of fear of punishment, but because he is overcome by love of Gd and a genuine desire to fulfill Gd’s will. Once this person repents, the Hatam Sofer writes, the cheeseburger he ate is retroactively considered like the meat of the pesach sacrifice which he ate in the Bet Hamikdash in Jerusalem. This is how powerful sincere teshuvah is. Sitting in a non-kosher restaurant eating a cheeseburger can become like sitting in the courtyard of the Bet Hamikdash in a state of purity partaking of a sacrifice! The Gemara (Berachot 34b) teaches, “The place where penitent sinners stand – the perfectly righteous cannot stand there.” While it goes without saying that we must do everything we can to avoid wrongdoing, nevertheless, after the fact, once we’ve done something wrong, we have the opportunity to become even greater than we would have been otherwise. Our heroic efforts to pick ourselves up, to rise from the depths, to change our behavior, to chart a new course, and to embark on a fresh beginning – this is an incalculably precious source of merit for us. And so our sins are actually transformed into mitzvot . In a remark that only a towering sage of his stature could write, the Hatam Sofer applies this principle to Moshe Rabbenu and the Mishkan . Recognizing the precious value of teshuvah , Moshe felt dismayed. Quite obviously, he did not regret his having not participated in the sin of the golden calf. However, when he saw the people’s repentance, how they so inspiringly sought to change their past and rebuild their relationship with Gd, he was awed – and even felt a tinge of envy. Their efforts retroactively transformed the worship of the golden calf into the devoted worship of Gd. And so, in a sense, Moshe felt left out. He was excluded from what might o e t FIXTURES FAUCETS HARDWARE ACCESSORIES 1663 Coney Island Ave Brooklyn NY 11230 Valet Parking A pointments elcome 718.787.1000 homeandstone.com @homeandstone