Community Magazine September 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 difficult, or impossible, to learn Torah and perform mitzvot . We should ask for financial success so we can raise children, provide them with a Torah education, dispense charity, and help support religious institutions. The Mishna in Masechet Berachot relates that the “ hasidim harishonim ” – the “pious men” of the earlier generations – would spend a full hour preparing for each of the three daily prayers. We are not told, however, what they did during that hour. How did they prepare? Did they do meditation? Did they recite kabbalistic texts? The likely answer is that they spent that hour directing their wishes towards the divine will. They thought long and hard about their purpose in this world – to serve their Creator – so that everything they asked for would be directed toward this purpose. This is what these hasidim did for that hour in preparation for prayer – they developed the mindset of directing all their wishes towards Gd’s will. Indeed, the Gemara (Berachot 31a) teaches that when one prays, “ tzarich sheyechaven libo lashamayim ,” which is commonly interpreted to mean that he must pay attention to the meaning of the words he recites. However, the word “ lechavein ” literally means “to direct.” Thus, this phrase may be read as instructing that we must direct all our wishes and desires to Gd when we pray. We are to follow Hannah’s example, and try to present our requests for the sake of Gd, to ask that He help us so that we can serve Him to the best of our ability. This explains the Zohar ’s teaching. There is nothing wrong with presenting our requests to Gd; this is precisely what we’re expected to do. But we mustn’t present our requests “like a dog” – the way an animal asks for food, strictly for its own enjoyment. Our requests must be made for a far loftier purpose, for the sake of serving our Creator. No Need to Pay the Bill This concept has been explained by way of an analogy to a contractor who, one morning, goes to a building materials shop to stock up on what he needs for that day’s work. He waits in line together with the other builders and contractors. But there is one difference – all the others need to pay for their materials before they leave, while this contractor just shows the cashier everything he’s taking and leaves without paying a cent. The other customers are bewildered. Why, they ask the cashier, was that contractor allowed to run off with a wagon full of merchandise without paying? The cashier explained that this contractor was building a house for the store’s owner. All the materials he took from the shelves were needed for this project. There was no need to pay because he was taking goods for the owner’s benefit. This is what happens on Rosh Hashanah, as well. ixtures Faucets Hardware accessories 1663 coney island avenue Brooklyn NY 11230 Monday–w d esday 9 m–5:30pm thursday 9am–7pm sunday 11am–5pm Valet Parking appointments welcome 718.787.1000 www.homeandstone.com e stone S FIXTURES FAUCETS ARDWARE AC ES ORIES 16 3 Coney Island Ave Bro klyn NY 11230 Valet Parking Ap oint ents Welcome 718.787.10 homeandstone.com @homeandstone