Jumpstart Philly Real Estate Radio Show

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Mike Stanton, project development manager at The HOW Group, joins us to discuss how Jumpstarters can create a development team and gather reliable individuals to help you complete projects. We talk about contractor selection, maintaining relationships with partners, and the soft costs associated with a rehab project. See acast.com/privacy for privacy and opt-out information.

Thank you for listening! Jumpstart Germantown Training Program: jumpstartgermantown.comJumpstart loan programs: jumpstartphilly.com/loans See acast.com/privacy for privacy and opt-out information.

We discuss the various loan programs available with LendingOne, a private hard money lender. They finance rental rehabs, buy and sell projects, multi family projects and more. Joseph V Scorese, a mortgage industry professional, walks us through the different types of loans available to aspiring developers. We will also cover industry news relating to the City's housing inventory and buying trends. See acast.com/privacy for privacy and opt-out information.

When making the transition from residential to commercial development, you will encounter several changes in tax liability and must adhere to new regulations and tax codes. Jack McGovern, CPA, will join us for this JUMPinar to help us understand these differences and learn how we can best prepare for this new tax landscape. We will discuss several tax issues that come along with commercial real estate, and how you can best tackle them as you scale up your business. See acast.com/privacy for privacy and opt-out information.

The Osage Pine Project is a community of 36 homes on the 6200 blocks of Osage Avenue and Pine Street in West Philadelphia. The project consists of the redevelopment and revitalization of 36 row homes that were involved in the 1985 MOVE bombing in West Philadelphia. Our guest Rodney Ross, a partner behind Osage Pine, will discuss his experience with this unique development project and how it contributed to his growth as a developer. This JUMPinar will serve as our introduction to larger scale, more complex projects - and prepare us for our upcoming JUMPinar sessions focused on Commercial Real Estate (CRE)! See acast.com/privacy for privacy and opt-out information.

Establishing and maintaining a good business credit standing is a building block for your future. It will create excellent opportunities, good rates, and a good reputation. In this Webinar, we'll discuss important differences between personal and business credit, and ways that you can manage them effectively. We will be joined by returning guest Jasmine Williams, a professional real estate curator and credit repair expert. See acast.com/privacy for privacy and opt-out information.

Join us to learn how 1031 Exchanges can benefit developers by deferring tax liability in certain scenarios. This tool allows you to access 100% of your profits. Returning guest John Thain will explain the requirements of 1031 Exchanges, how to complete them and the long term benefit. See acast.com/privacy for privacy and opt-out information.

In past episodes, we've covered why it is important to advocate for the preservation of our City's historic buildings - but now we're talking about how you can accomplish that goal. Our guest John Hanson, who has served on the board of the Greater Philadelphia Preservation Alliance since 2014, will inform us on the construction process of a historic renovation, and how it differs from a standard rehab. If a historic renovation is something you're considering, you don't want to miss this! See acast.com/privacy for privacy and opt-out information.

Choosing the right finishes and knowing the basics of design can seriously boost your project's success on the market. Owner of IMPACT Investment & Design Firm, and returning guest Caron Nikole, will join us for this week's discussion. Caron will share her favorite (and least favorite) ways to put the finishing touches on a rehab project. See acast.com/privacy for privacy and opt-out information.

Licensed Expediter, Kelsey Lee of Philly Kelsey & Co. will be speaking about eCLIPSE and how to navigate the digital filing while also showing some tips and tricks for the most common ways people get caught up in the process! See acast.com/privacy for privacy and opt-out information.

We know Real Estate taxes are based on the OPA's assessed value but have you ever wondered how the OPA (Office of Property Assessment) comes up with their assessed values? How does a renovation or addition impact that value? And why is there such a difference between the assessed value and market value? Join OPA Deputy Assessor, Rob Luciani, to get answers to these questions and more! See acast.com/privacy for privacy and opt-out information.

Since last fall, all Philadelphia landlords are required to obtain a Lead Safe certificate for each property indicating that it is either lead-safe or lead-free before executing a new or renewed lease or receiving/renewing a rental license. Michael Kogut, President of NGT Lead Swipe, will discuss these new requirements, as well as the steps you'll need to follow, from setting up your eClipse account to scheduling an inspection and receiving the certification. See acast.com/privacy for privacy and opt-out information.

Construction costs have reached record highs, and with no indication of them returning to pre-pandemic levels anytime soon, learning how to complete a quality renovation while keeping costs low is essential for small developers. How can you source lumber and drywall without blowing out your budget? What are other places you can cut costs to make room for the more expensive material? J'Vonn Forbes, a local contractor and owner of 548 Construction Inc., will help us answer these questions and more on this Monday's JUMPinar. See acast.com/privacy for privacy and opt-out information.

A rehab project's success is determined by the developer's ability to manage their construction team, create a realistic budget, and maintain quality work throughout the construction process. Julia Choseed, a seasoned real estate developer & licensed general contractor, joins us to share her pro tips. She will share her "do whatever it takes" mentality, and discuss how you can make the most out of your rehab project through effective construction management! See acast.com/privacy for privacy and opt-out information.

Whether it's your first application or your fifth, this session will help you avoid common mistakes we see during the loan process. Jumpstart Germantown and Jumpstart Philly staff will give you a behind-the-scenes look at our loan evaluation process and give you lots of tips to ensure a speedy evaluation of your loan application. We'll also discuss general recommendations that are helpful for any lender relationship. See acast.com/privacy for privacy and opt-out information.

Going through the process of obtaining title insurance essential to provide protection against financial loss, yet it can be intimidating and confusing for first timers. Settlement service providers and title insurance companies will help you complete the necessary steps - and this week we'll be joined by Maureen Graham & Christina Roessner of H&H Settlement Services who will demystify the title process. See acast.com/privacy for privacy and opt-out information.

Keeping track of rental payments, tenant communication and work order processing are all crucial aspects of property management, and without the proper tools it can be way too much to handle all in your head. This week we'll be joined by Dave Spooner, co-founder of Innago, a completely free to use property management software for small to mid sized landlords, who will speak about the benefits that intuitive and affordable software can provide aspiring developers as they scale their business. See acast.com/privacy for privacy and opt-out information.

Making disciplined decisions is crucial when approaching any real estate investment. Identifying bigger trends from marketplace headlines is easy - but relating them to your own real estate goals and creating opportunity on an individual project basis can be much more difficult. Join us for this JUMPinar with President of Real Estate Strategies Inc. and RES Advisors Elizabeth M. Beckett CRE, where she will share tools and strategies for market research to help you conduct your own analysis of the local real estate market. See acast.com/privacy for privacy and opt-out information.

What does a home appraiser look for? Why is my property appraisal lower than I expected? How does an appraiser determine the value of a property? Find out the answers to these questions and more when we talk with Felix Aguirre, an ASA (American Society of Appraisers) Accredited Senior Appraiser who focuses on single-family up to 4-unit properties in Philadelphia and the Greater Philadelphia area. See acast.com/privacy for privacy and opt-out information.

Jordan Parisse-Ferrarini, founder of job skills training and entrepreneurial learning program Trades For A Difference, has been able to rapidly complete blight removal projects while ensuring consistent and reliable quality. Delaying progress on a project will cost you time, money and relationships and Jordan will share his tips on how to keep things moving! See acast.com/privacy for privacy and opt-out information.

The only way to truly verify the quality and current condition of a blighted property is to complete an in-person home inspection. During this JUMPinar you will learn how to properly analyze a home and identify key areas for repair/improvement. Join us for our discussion with experienced home inspector and real estate developer (AND Jumpstart Germantown Mentor) Bob Warth for his valuable insight into the inspection process! See acast.com/privacy for privacy and opt-out information.

The Philadelphia real estate market has continuously increased in value since the 2008-2010 recession. While this is very exciting for developers/investors, it has both positive impacts and negative repercussions for our City and its residents. This Monday, we will be joined by Kevin C. Gillen, Ph.D., an economist from the Lindy Institute for Urban Innovation at Drexel University, to discuss housing trends in our region, our City and individual neighborhoods. Kevin will break down the data to help you assess your next housing project. See acast.com/privacy for privacy and opt-out information.

Join us to learn how to turn your investment property into a smart home. Wayne Nembhard, founder and CEO of Digital Innovation, knows the latest technology available that can help Jumpstarters sell or rent their houses and apartments. From simple apps to built in systems, smart home features can increase security, reduce electric spending and more! See acast.com/privacy for privacy and opt-out information.

In a city as old and beautiful as Philadelphia, we must always consider the historic aspects of a property when planning a renovation. This week, we will be joined by Patrick Grossi and Jennifer Robinson from Preservation Alliance for Greater Philadelphia, who will discuss the importance of maintaining the historic characteristics of a property and how to do it responsibly and effectively. See acast.com/privacy for privacy and opt-out information.

With any business endeavor, one must take the proper steps to establish the legality, legitimacy and protection of your business entity. Whether this means setting up a basic small scale LLC or incorporating a large multi-level corporation, you'll need to know what structure and documentation is required to legally operate your business. This week, join Attorney Tarik Brooks to learn about the basics of business entity and corporate formation. See acast.com/privacy for privacy and opt-out information.

The Low-Income Housing Tax Credit (LIHTC) subsidizes construction and rehabilitation of affordable rental housing for low- and moderate-income tenants. This week we'll be joined by Jacob Fisher, who will provide an overview of the program and provide some examples of projects that his firm, Pennrose, LLC, has developed. See acast.com/privacy for privacy and opt-out information.

This week, we are joined by Caron Nikole, owner of IMPACT Investment & Design Firm and overall real estate development powerhouse. With her extensive expertise in investment, design and construction she will go over best practices when selecting a contractor for your project. She'll also touch on how her stylish design strategies and staging techniques have boosted her success in Philadelphia to another level. See acast.com/privacy for privacy and opt-out information.

Being a real estate developer is more than just a weekend hobby - it is a serious endeavor and can require a lot of time commitment. While it is everyone's dream to become a full time investor, most people start out while carrying on with a full time position. Jumpstart Germantown mentor Max Tanenbaum knows this life all too well, and will be joining us to share his tips on how to become a successful real estate developer while working 40 hour weeks. See acast.com/privacy for privacy and opt-out information.

Even the most experienced developers are susceptible to getting burned by a bad deal or misinformed decision, and it's important to know how to manage a project and reduce the risk of something taking a turn for the worst. We'll be joined this week by a returning guest, Jumpstart Graduate and experienced developer Ugo Opara to discuss how to manage your renovation and not get burned. See acast.com/privacy for privacy and opt-out information.

With certain development projects, there is an opportunity for a multi-unit conversion of the property. This could mean higher profits and better chances in the current market - but how can you be sure? This session, architect Jeff Pastva will join us to discuss the process and implications of a multi-unit conversion, as well as how to conduct a feasibility study to determine its effectiveness. See acast.com/privacy for privacy and opt-out information.

Just starting out in real estate development and wondering how to move your bookkeeping from a shoebox to a spreadsheet? What do you need to know about tracking income and expenses so you can produce reports and make the best decisions possible? What apps or programs should you use? Join Philly Office Retail's CFO, Moriah Levin, for a session on bookkeeping best practices. See acast.com/privacy for privacy and opt-out information.

This week join John Thain, Jumpstart Germantown mentor and a real estate developer for more than 40 years! John will share his experience using owner financing for many of his deals. With owner financing (also called seller financing) the seller of the income property agrees to take installment payments from the buyer until they've paid off the purchase price instead of paying fully in cash or taking a mortgage loan. See acast.com/privacy for privacy and opt-out information.

Philly Office Retail's Director of Construction and Jumpstart Germantown Inspector will be talking about how a good scope of work helps keep your budget on track and draw inspections running smoothly. He will thoroughly review the construction loan draw process. From submitting the draw request, through to all draw inspections, he will help you prepare for all of your projects while helping you avoid many common pitfalls he's seen during his 150+ inspections. See acast.com/privacy for privacy and opt-out information.

Opportunity Zones are designed to spur economic development by providing tax incentives for investors who invest new capital in businesses operating in one or more qualifying OZs. In this session Jennifer Tintenfass and Leila Vaughan, attorneys for Royer Cooper Cohen Braunfeld LLC, will discuss the benefits of OZ’s and how you qualify. See acast.com/privacy for privacy and opt-out information.

You are aspiring developers, and also entrepreneurs. Learning the basics of banking and budgeting is a vital aspect to any business. This session will help you gain the knowledge and tools needed in order for you to you manage and grow your business and provide a basic overview of business finances, cash flow, borrowing solutions, insurance and employees. Join Steven McAlpine, Branch Leader of BB&T, (now Truist), for this informative session. See acast.com/privacy for privacy and opt-out information.

The City's L+I Audits and Investigations Unit is responsible for enforcing the requirement that construction work in Philadelphia is only performed by Philadelphia licensed contractors and trade licensees, and that these trade licensees operate their business and job sites in a code compliant manner. Join Will Fernandez, Director of Audits and Investigations, to learn more. See acast.com/privacy for privacy and opt-out information.

Dan Greenspun, President of Penn Construction and Design, will cover The Penn Process, the timeline he uses with clients. Dan will touch on budgeting and how other important factors play into a timeline. See acast.com/privacy for privacy and opt-out information.

Brett Madsen is founder of Permit Philly, a full-service firm dedicated to helping property owners get their Philadelphia permits for building and zoning as quickly and simply as possible. Brett will talk the levels of construction, what types of permits exist, when they're needed, as well as the role of an expediter and how they can help save you time. In this interview Brett talks about how he came to start Permit Philly after working for a zoning law office and gives us the scoop on changes to Philadelphia's construction codes that went into effect earlier this year for both commercial and residential properties. See acast.com/privacy for privacy and opt-out information.

Have you heard of Philadelphia 2035? Philadelphia2035 is the comprehensive plan for managing growth and development in the City of Philadelphia. Did you know this and the District plan are important for developers? With these plans builders, developers and architects can identify areas that are suitable for new development and understand the City's development priorities. Additionally it can help you align your design/development ideas with City goals! Join Ian Hegarty, City Planner for the Upper North & Upper Northwest districts as he talks all thinks Philadelphia2035! See acast.com/privacy for privacy and opt-out information.

Do you own rental property, or plan to? Then Property Management is key to your success. Finding and keeping great tenants depends on how well the properties are managed. Matt Wahl, Jumpstart Mentor and owner of 13 rental properties, discusses the pros & cons of managing yourself versus hiring a property management company. He'll also talk about making the switch from DIY to hiring a company. See acast.com/privacy for privacy and opt-out information.

Learn about the conservatorship process from identifying blighted properties to understanding the acquisition procedure under conservatorship. Richard Vanderslice, P.C. will review Act 135 conservatorships so you're more educated about this potential method of property sourcing & blight removal. See acast.com/privacy for privacy and opt-out information.

Looking for a property to renovate - the City's inventory may be a good place to look. Join Angel Rodriguez, Senior Vice President of Land Services at PHDC and Executive Director of the Philadelphia Land Bank, for a conversation on how to go about purchasing city owned property. Angel will review the online process and various methods of applying to purchase city-owned land. See acast.com/privacy for privacy and opt-out information.

What every real estate developer should know about staging, including staging do’s and don'ts, staging costs and more. See acast.com/privacy for privacy and opt-out information.

Spring is right around the corner and with it we’re going to see a lot of people put their houses up for sale on the market. And gnerally spring is a good toime to get all sorts of projects done around the house. Our guest today is someone who is going to give us some great tips on how to maximize our renovating budget, particuarly when it comes to interior design and staging. Lauren Donati is a life-long South Jersey resident with a diverse creative background. An enduring interest in design led her to an Interior Design program at Temple University in 2017, and after completion she began working with Design Studio 312, a local Interior Design and Staging company. Lauren specializes in innovative ideas and creative problem solving and loves to meet any client's challenge in order to create beautiful spaces, whether for staging or to be lived in every day.More recently she has begun giving presentations to real estate investors and rehabbers around the Delaware Valley about a variety of topics including design trends for the year ahead.In the episode she tells us what a "grandmillenial" is, why updating the laundry room shouldn't be an after thought, and how incorporating more wood elements (both real and faux) in the exterior and interior of a home can make it more appealing to prospective homebuyers.Website: DesignStudio312.comFacebook: DesignStudio312Instagram: @designstudio312 See acast.com/privacy for privacy and opt-out information.

Today we’re going to change things up a bit and talk wtih an investor who doesn’t have any connection to Philly but does a lot of investing in densely populated urban areas so I think we can learn a lot from his experience. His name is Aaron Fragnito and he is a Co-Founder of Peoples Capital Group (PCG) in New Jersey. Aaron has completed over 250 real estate transactions, totaling more than $40,000,000 in Real Estate in his 10-year career.Aaron started off as a real estate agent but he soon caught the investing bug and today he and his partner focus primarily on buying apartment buildings in North Jersey. So, today, Peoples Capital Group (PCG) works with qualified investors to create passive returns through commercial real estate. Aaron and his partner are experienced in locating discounted apartment buildings for sale in Northern NJ and implementing a value add strategy to create max returns for their silent investors.Check out Aaron's podcast: Passive Cashflow NJ Commercial Investing PodcastHis Meetup: New Jersey Real Estate Network See acast.com/privacy for privacy and opt-out information.

If you’re working a regular job and have ever dreamed of leaving your 9 to 5 going into real estate full time this interview is for you.Hoan “Houdini” Thai has a story that many of us can relate to. Hoan is a Philly-based investor with three main focuses. His foremost specialty is finding and acquiring cash-flowing investment properties in emerging neighborhoods,. He also is a private lender and he helps other real estate investors just starting out by offering in-depth coaching, training and networking through his website and Facebook group called “I Escaped My 9 to 5” so they can make their way in the real estate investing world.After Hoan graduated from college with a degree in engineering, he knew the very first day on his first professional job that he wasn't cut out for a conventional job working in a cubicle. He aspired to do something more entrepreneurial and real estate fit the bill. Unlike a lot of other entrepreneurial ventures where there are too many variables outside of one's control, real estate comes with a pretty straightforward roadmap, if you're willing to follow it and you know what you're doing. He liked the fact that once he knew how to analyze deals and source information to make well-informed buying decisions, the process was one he could "rinse and repeat.""When I saw that there’s the roadmap I can confidently use to do this, that was the difference," he says. "That was what caused me to escape. With real estate the answers are super clear. The roadmap was super clear." See acast.com/privacy for privacy and opt-out information.

Today's guest is Jaleel Kinsey of Jay Buys Philly LLC, a real estate investor and wholesaler. Through a process of trial and error, Jay has developed an efficient system that works to keep his pipeline full and allows him to have the flexibility in his schedule to spend quality time with his wife and two daughters.In this interview Jay talks about how he discovered wholesaling real estate years ago before it was so popular, and shares a framework for figuring out what to focus on and what to farm out to other professionals or virtual assistants.Find Jay on Instagram: @JayBuysPhillyOn Facebook: @JayBuysPhilly See acast.com/privacy for privacy and opt-out information.

The lack of affordable housing is a growing issue everywhere, but here in Philadelphia, the problem is particularly acute. In fact within the last decade Philadelphia lost approximately 20% of its low cost housing due to numerous factors.My guest today is Ross Hennesy and he’s the co-founder of Rigby Housing, a social enterprise firm that he operates with his partner Frank Reis, and which strives to provide affordable housing to low and moderate income residents in Germantown. Rigby Housing's philosophy is as follows:"By modestly renovating existing housing that is in poor or unsafe condition and managing from a place of neighborhood awareness, we help stabilize the price of rental homes. This buffers neighborhoods from volatile market forces, such as blight on one end and economic displacement on the other. We see ourselves as part of a much larger movement to provide "development without displacement" in Philadelphia and around the world."Rigby Housing aims to provide housing that is affordable to moderate-income residents , which means residents make less than 60% of the Area Median Income (AIM) as reported by the US Department of Housing and Urban Development (HUD) and spend less than 30% of their income on rent. See acast.com/privacy for privacy and opt-out information.

This year, 2020, marks the fifth anniversary of the Jumpstart Germantown program. What originally started in Ken Weinstein's Philly Office Retail location with two participants as a crash course introduction to residential real estate development has blossomed into a citywide movement with Jumpstart affiliates in Kensington, Tioga, Hunting Park, North Philly West, West and Southwest Philadelphia. In less than five years, Jumpstart Germantown has graduated 685 aspiring residential developers, and provided $15.9 Million in loans to finance the acquisition and renovation of 150 abandoned or neglected properties.Now we're expanding the Jumpstart concept again, this time to erase urban blight along Philadelphia's commercial corridors. We're calling it Jumpstart 2.0 CRE. It will continue the spirit of collaboration that Jumpstart is already known for, and will use a framework similar to what we've successfully deployed to spark redevelopment of single family houses.Jumpstart 2.0 will be aimed at helping residential developers make the transition to small scale commercial real estate development in Philadelphia. The program will consist of a 7-week, 21 hour curriculum to be conducted in person at Jumpstart Germantown Co-Working Community (4701 Germantown Avenue). The program will begin March 18. Application deadline is Feb. 9. You can learn more and apply at the Jumpstart Philly website. See acast.com/privacy for privacy and opt-out information.

There’s a lot of real estate redevelopment happening across Philadelphia these days, both on a large scale and small. And while we all know that construction can be messy, there are times when you wonder if some rehab projects that are being done around the neighborhood are being done by professionals or by amateurs. Our guests in this episode are longtime Germantown resident Jim Bear and local real estate investor Judy Claypoole. In this episode they talk about the disruption that can happen on a street when a rehab project starts. See acast.com/privacy for privacy and opt-out information.