The Jumpstart Philly Real Estate Radio Show is a weekly program that shines a spotlight on positive real estate development and neighborhood revitalization in the City of Brotherly Love. Interviews are conducted live during our weekly JUMPinars, every Monday night at 7 PM. The Jumpstart Philly Real Estate Radio Show is affiliated with the Jumpstart Germantown program, a successful community real estate development program that combines slow, steady growth, scattered site rehab, and a mix of affordable and market-rate housing.
New episodes of this program are broadcasted weekly on WRGU 92.9FM, Fridays at 10 AM.
Four panelists discuss City requirements for landlords, share information about resources that are available for beginners, and field questions from attendees about general issues & challenges that small developers completing Buy & Hold projects may face. This JUMPinar took place on August 7th, 2024.
Thanks to Sheryl Sitman (Landlord's Connect), Tsilina Aybin (Alpha Financial Investment Group), Ryan Jones (EHBRE Construction) and Kerry Nelson (HAPCO) for volunteering their time to educate our community!
Landlords connect FB Group: https://www.facebook.com/groups/PhillyLandlords/
HAPCO Website: https://hapcophiladelphia.com/
EHBRE Construction: https://www.ehbre.com/
Sign up for upcoming events at: JumpstartGermantown.com/events
Hosted on Acast. See acast.com/privacy for more information.
Palak Shah is the co-founder of Open Spaces Capital and Portfolio Mastery - a community to help working professionals exponentially grow their real estate portfolio without the DIY and hustle. It is her passion to help other investors build generational wealth through real estate investing to make work optional, and achieve financial freedom.
An Engineer by trade, after the birth of her two kids she decided to make the move to entrepreneurship to be able to spend more time with her children. Though Palak has invested in real estate for many years, in her first few years investing full-time, she purchased, renovated, rented, and refinanced properties creating an 8 figure rental portfolio.
You can find her on Instagram at @openspaceswomen or find her at www.openspaceswomen.com
Hosted on Acast. See acast.com/privacy for more information.
During this JUMPinar, we’ll discuss how to determine whether your plan for a rehab project is truly realistic. Using information gathered from walk throughs, feasibility studies, and discussions with contractors - you can protect the investment and feel confident that your ideas are possible. We’ll also touch on technologies that are available for developers which assist with determining feasibility. Join design experts Jeffy Thomas and Mark Wallace from KORE Design for this educational conversation
Hosted on Acast. See acast.com/privacy for more information.
This JUMPinar featured a discussion with Sara Poindexter (Principal Engineer with Studio Sustena) and Brett Feldman (Attorney with Klehr Harrison Harvey Branzburg LLP) about the significance of landscape zoning laws and their historical context in Philadelphia. After listening to this episode, you will understand the thresholds of landscape improvement that require special zoning approval, when to engage a zoning attorney, and how to navigate the City’s provisions to achieve your individual mission as a developer.
Hosted on Acast. See acast.com/privacy for more information.
If your goal is to make the leap from residential to commercial real estate development, it is crucial to understand the differences in underwriting and terminology that you will encounter when seeking financing. Commercial projects will be subject to more scrutiny, and lenders may offer less favorable terms. Knowing the ins and outs of commercial financing will prepare you for discussions with lenders and benefit your ability to assess a project's feasibility. Thanks for listening to this recorded JUMPinar with Stephen Arrivello, President of Axcel Capital Group!
Hosted on Acast. See acast.com/privacy for more information.
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.com
Jumpstart loan programs: jumpstartphilly.com/loans
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 isa 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.
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!
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.
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.
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.
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.com
Facebook: DesignStudio312
Instagram: @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 Podcast
His 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: @JayBuysPhilly
On Facebook: @JayBuysPhilly
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.
Could tiny houses and small pre-fabricated dwellings be a solution to expanding the availability of affordable housing in Philadelphia? Stephanie Sena, founder of the Student-Run Emergency Housing Unit of Philadelphia (SREHUP), a nonprofit that works with university students to provide shelter for homeless people, will be our guest to talk about tiny house development.
In this episode, Stephanie talks about her affordable housing solutions and about the development of “cozy cottages” on a formerly vacant lot in Port Richmond section of Philadelphia.
J. Kwame Gray and Rhakeim Miller areneighbors and friends who became business partners and investors in a Philadelphia real estate LLC called Ross Street Investments.
Both of them are Jumpstart Germantown alumni and in this interview they talk about their investment philosophy and outlook when it comes to real estate development. They are both proponents of NOAH (naturally occurring affordable housing) investing and explain why it's so important to them to provide safe, comfortable, modern, affordable homes for their tenants.
On the National Association of Affordable Lenders' website NOAH is described as an often overlooked strategy that can preserve existing housing found in urban and older suburban neighborhoods in danger of decline or gentrification.
"Now called middle neighborhoods, these neither high-poverty nor affluent areas are the remnants of a vast number of one-time working-class and middle-class communities," says the article entitled Naturally Occurring Affordable Housing is Hiding in Plain Sight. "As we think about future housing policy, we need to be careful that we don’t focus so much on increasing production of new housing—important as that is—that we lose sight of a vast resource of affordable housing hiding in plain sight that can be preserved for the long-term for a modest fraction of the cost of building new."
Find Kwame and Rhakeim on Instagram: @Ross.Street.Investments
See acast.com/privacy for privacy and opt-out information.
Our guest today is one of the rising stars on the Philly interior design scene. Her name is Rasheeda Gray and she’s the founder of Gray Space Interior Design LLC, a full-service firm focused on curating interiors that are contemporary, fresh and rooted in style. From whole house renovations to one room transformations, Rasheeda specializes in residential interior and boutique commercial projects throughout the Philadelphia, New Jersey and Delaware area.
On this episode Rasheeda talks about good interior design and the importance of properly staging your home or property when it comes time to sell.
Find Gray Space Interior Design on Instagram, Facebook and Houzz.
For many people, their home is their primary asset. Unfortunately for many people, when it comes time to sell that home, they discover the property is worth less than they thought it was worth due to the need for extensive repairs or renovations. Tye Glover, the founder of InvestOut, a new kind of real estate platform, says there is a way for a homeowner to come out financially ahead by partnering with a real estate investor.
In this interview, Tye explains how Invest Out's profit sharing model works, which type of properties make sense, and how both the homeowner and real estate investor are protected during the arrangement. The idea for Invest Out came to Tye out of his own personal experience when he went through a divorce and realized just how much money he would potentially be giving up by doing a quick sale with a wholesaler.
For more details on the Invest Out profit sharing model, check out the website: InvestOut.us
Rodney Ross is one of the founding members of Limitless Real Estate, a real estate sales and development team specializing in working with homebuyers and sellers in the Greater Philadelphia Area. He is also a partner in AJR Endeavors, the partnership behind Osage Pine, 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 rowhomes that were involved in the 1985 MOVE bombing in West Philadelphia.
Prior to starting Limitless Real Estate, Rodney was a real estate agent with Streamline Solutions, a fully integrated real estate development firm in Philadelphia. Rodney gained an intimate knowledge of the development process during his time at Streamline Solutions and has applied that knowledge to his current construction and development projects. Rodney is now focused on building a team of successful realtors at Keller Williams Realty Philadelphia, organizing development projects, and building his own investment portfolio.
Websites: Limitless Real Estate
Osage Pine
On Instagram: @PhillyRealEstateBoss
On Facebook: @TheRossTeamKWCC
See acast.com/privacy for privacy and opt-out information.
If you’ve ever experienced any negative situations applying for a loan or you’ve worried about your finances due to your credit history and what’s on your credit report, today’s guest is going to set us straight and tell us what to do to get back on track. Her name is Terri Couser of CARE Credit Tools and she’s an expert on keeping your credit history clean and raising your credit score.
Terri has got the perfect background for what she does. She worked for Trans Union, the credit bureau, for over three years where she literally updated thousands of credit profiles of people from across the country and she has received training in the Fair Credit Reporting Act, credit repair and bankruptcy laws. Terri is a certifiecd credit score consultant and durinf her time working at Trans Union, Terri not only conducted credit file re views, she also processed disputes, corrected countless credit reports and invecstigated items challened by customers.
In addition to all of this, Terri also has a background in real estate. She served two years as the vice chair of the zoning board in Yeadon Township.
Terri is now using all of her knowledge, skills, and experience to educate consumers about their credit reports.
Website: http://caretools.net
Instagram: @carecredittools
Facebook: @carecredittools
See acast.com/privacy for privacy and opt-out information.
Our guest today is a man who knows a lotabout the history of real estate in Philadelphia. His name is Paul Steinke and he’s the executive directorof the Preservation Alliance for Greater Philadelphia, a membership-based organization whose mission is to promote the appreciation, adaptive re-use and development of the Philadelphia region’s historic buildings, communities and landscapes.
Before he was in charge of the Alliance, Paul was the general manager of the Reading Terminal Market for 13 years where he oversaw numerous improvements in the facility and tenant mix. In fact, under his leadership, the market was recognized by theAmerica Planning Associationas one of the Great Places in America.
Earlier in his career, Paul was the executive director of the University City District, a neighborhood imporovement organization that has been central to the revitalzation of West Philly andhe also was the finance director of the Center City District,Philadelphia’s downtown improvement agency.
On today’s show,Paul is going to tell us more about the mission of the Preservation Alliance and how respecting and protecting our architectural past can create economic growth for our future.
See acast.com/privacy for privacy and opt-out information.
This year marks the 10th-anniversary of Historic Germantown's historic house tour called At Home in the Old Germantownship. Tuomi Forrest, executive director of Historic Germantown gives us a sneak peek at this year's tour, which is curated and researched by Historic Germantown, and that will feature the homes of local Philadelphia artists.
Historic Germantown is a partnership of 18 historic houses, destinations, and museums in Northwest Philadelphia that have joined together to protect, preserve, and share some of Philadelphia’s historical assets.
For more information and to buy tickets, contact Mt. Airy Learning Tree.
Joe Scorese is a senior mortgage loan officer at FirstTrust Bank with over 20 years of financial industry experience. He has been real estate investing since 1994 and been mortgage lending since 2001.
He has done hundreds of real estate transactions whether from buying or selling, or lending on it. He believes your network is your net worth, so several times a month you can find Joe either hosting, presenting, or attending different real estate events across the region.
And joining Joe is a member of his network, William Madison, a commercial property manager who is currently working for Jones Lang LaSalle maintaining the Santander banks in Philadelphia. William is also a real estate investor, general contractor, and a mentee of Joe.
In this episode they talk about the current state of the Philly real estate market for investors and the importance of developing and maintaining a strong professional network.
Contact Joe Scorese atjoseph@josephvscorese.com or 215-290-5108.
Find Joe on Facebook and LinkedIn.
Contact William Madison at williammadison@elitere365.com.
See acast.com/privacy for privacy and opt-out information.
Today’s guest is Stan Smith, a socially responsible real estate developer who specializes in commercial real estate development in Mt. Airy and Germantown. Offering customized office spaces, Stan is particularly focused on working with nonprofits because he knows the challenges of nonprofits’ funding requirements as well as their unique real estate needs.
Born and raised in Puerto Rico, Stan finished high school at Chestnut Hill Academy in Philadelphia, and then went on to get a degree from the Univ of Massachusetts.
Stan recognizes the importance of community development through responsible real estate investment and has made this an important goal for his company. Throughout his real estate career, Stan’s focus has been the same: creating value, while strengthening blighted neighborhoods.
Connect with Stan via his website: SmithHouston.com
Today’s guest is Tya Winn, who is an advocate for affordable housing and community development here in Philadelphia.
Tya is the Director of Project Planning for Habitat for Humanity in Philadelphia where she serves as project manager for acquisition, design, and permitting phases of their projects. She also works on affordable housing policies with local civic organizations.
Tya is interested in the urban fabric of inner city communities and finding ways to use design to uplift, restore and rebrand these communities. She previously worked at the Philadelphia Housing Authority and the Logan Community Development Corp, so her knowledge and experience working with community groups, real estate developers and nonprofits runs very deep.
In addition to all of this, Tya is also one of the leaders of Jumpstart West Philly.
In this interview, Tya explains how Jumpstart West Philly was launched via a collaborative partnership between The Enterprise Center, People’s Emergency Center, Habitat for Humanity Philadelphia, the City of Philadelphia Office of Community Empowerment and Opportunity, and other West Philadelphia supporting partners, with initial funding support from Philadelphia LISC. The launch of the program stemmed from initial conversations and collaboration through the West Philadelphia Promise Zone Housing Committee.
See acast.com/privacy for privacy and opt-out information.
Today’s guest is Robin Miller, an award-winning community development specialist who uses her extensive experience as a realtor and architectural lighting designer to contribute to the revitalization of Philly neighborhoods such as Frankford, North Philadelphia, and Center City. She’s also the leader of Jumpstart North Philly West, which she’s going to tell us more about today.
The Mission:To rejuvenate and revitalize the North Philly West neighborhood of Philadelphia–zip codes 19121, 19132, and parts of 19140–with high quality, affordable renovations of residential and commercial real estate.
Her Motto: Real estate development done by the community; Ownership is power.
Robin believes it is possible to “do well by doing good” which encompasses educating and promoting a neighborhood’s current residents, and partnering with like minded developers to rejuvenate neglected communities and support home ownership.
If you own and rent out property, you could, one day, be the target of a lawsuit. Whether it comes from someone tripping on your sidewalk, or a tenant suing you for something, as the owner of the property you are at risk.
Our guest today is attorney Joseph J. Console, Esq. of Console Matison LLP. Joseph has been practicing law since 2009 and his focus is on real estate, real estate investment, business law and estate planning. A graduate of Temple University and Rutgers Law School, Joseph works with clients in both Pennsylvania and New Jersey.
In this episode, Joseph talks about how he got into real estate law and then answers some questions from real estate investors about real life situations.
Find Joseph on Facebook at Console Matison.
Beth McConnell is Policy Director of the Philadelphia Association of Community Development Corporations. PACDC represents more than 100 member organizations, including nearly 50 community development corporations, who work to develop affordable housing, revitalize commercial corridors, and stabilize Philadelphia's neighborhoods. Beth works to advance a policy agenda that helps them do their great work. She leads PACDC’s efforts to advance city, state and federal policies that help CDCs revitalize Philadelphia’s neighborhoods and rebuild communities.
The National Community Reinvestment Coalition (NCRC) earlier this year released a research report called Shifting Neighborhoods: Gentrification and Cultural Displacement in American Cities, and Philadelphia has the dubious distinction of being one of the worst cities for black residents being displaced by real estate development.
In this interview, Beth tells us about the broad findings of the NCRC’s study and gives us a historical context to understanding gentrification in Philadelphia.
Brett Madsen is founder of Permit Phillya full-service firm dedicated to helping property owners getting their Philadelphia permits for building and zoning as quickly and simply as possible.
Brett has an unusual backgtround. He has a degree in music composition and worked as a teacher before he found his true calling helping people get their permits.
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.
From the Permit Philly blog:
Four Things to Know about there Building Code Changes
Top Five Things to Know about Philly Permits in 2019
Instagram: @PermitPhilly
Facebook: @PermitPhilly
See acast.com/privacy for privacy and opt-out information.
Matthew Grande and Bryant Riley are from Shift Capital a real estate development firm having a social impact in Philadelphia's Kensington neighborhood. Matthew's title is Principal and Head of Impact and Bryant's is Real Estate Analyst at Shift Capital. They are also in charge of Jumpstart Kensington, an affiliate of the Jumpstart Germantown program.
Shift Capital has what it calls "an inclusive and concentrated development model, which seeks to minimize the negative impacts of gentrification, such as displacement, while positively impacting communities suffering from inter-generational poverty. Our model fills a critical equity gap in the real estate marketplace while addressing one of the defining issues of our society: Will we rebuild our cities to be beacons of inclusiveness or exclusiveness?"
In this interview, Matthew and Bryant talk about Shift Capital's "patient approach" to real estate development in Kensington and how they're using the Jumpstart Germantown model in their neighborhood to increase the long-term prosperity and quality of life for residents in their area.
Topics covered include (with approximate timestamps):
See acast.com/privacy for privacy and opt-out information.
In this episode, Ken Weinstein, the president of PhillyOfficeRetailand the founder of Jumpstart Germantown, talks about the Wayne Junction revitalization project.
Wayne Junction Station, located on Windrim Avenue in Philadelphia, is a major transportation hub for SEPTA. The station was opened by the Reading Railroad company in 1881 and the surrounding area includes parts of the Germantown and Nicetown neighborhoods.
Today, Wayne Junction is a transfer point between six of SEPTA’s regional rail lines as well as three major transit routes and serves more than 321,000 riders annually.
In this episode, Ken talks about PhillyOfficeRetail's $20 million project to turn a collection of 11 rundown properties into a transformative mixed-use development complete with a craft brewery, restaurants, apartments, offices, and retail.
In 2018, the Pennsylvania Historic Preservation Review Board approved the Philadelphia Historical Commission’s request to create the Wayne Junction National Historical District, a collection of eight large-scale industrial buildings built between the late-19th and mid-20th century surrounding the Wayne Junction Station.
The eight properties include:
Here's what's covered in this episode (with timestamps):
Curbed Philly: Mapping Wayne Junction's Redevelopment Boom
See acast.com/privacy for privacy and opt-out information.
Palak Shah is the founder and managing partner of Open Spaces Capital and Open Spaces Realty group. She’s also the creative mind behind the blog Two Kids and a Landlady where she writes about her experiences investing in real estate.
She’s also a graduate of the Jumpstart Germantown program and today is one of the program’s all-stars who mentors other aspiring real estate developers enrolled in the program.
A former mechanical engineer, Palak has brought an eye for detail and precision to her current life as a real estate investor. She buys and renovates rundown and neglected properties in and around Philadelphia and turns them into attractive new rentals. In less than two years, Palak has gone from owning only three rental properties to 23 rental properties and portfolio worth $3 million.
In this interview, Palak talks about the importance of finding the right contractor you can do multiple projects with, budgeting for contingencies, and not getting distracted by bright, shiny objects when doing real estate. She also explains why hustling is overrated and the importance of listening to one's gut feeling.
Today’s interview is with someone who has her finger on the pulse of real estate development in Philadelphia. In fact, it’s her job to know what’s happening in the real estate sector here in Phildaelphia. Her name is Natalie Kostelni and she’s a reporter at Philadelphia Business Journal who covers commercial real estate and economic development.
Natalie has more than two decades of experience as a journalist here in the region, where she began her career as a correspondent at the Philadelphia Inquirer in the Montgomery County bureau. She also reported for the Morning Call newspaper before joining the Philadelphia Business Journal. In addition to her job as a journalist, Natalie is also an adjunct professor at Villanova University, her alma mater, where she teaches a course on real estate at the business school there.
In this episode Natalie talks about some of the trends she sees emerging in Philadelphia commercial real estate.
Twitter: @PHLBiznkostelni
"Opportunity makes the difference" -- that's the mantra of Jordan P. Ferrarini, executive director of Trades for a Difference, a unique Philadelphia nonprofit that is dedicated to providing education and training to young people interested in the construction industry.
The aging of the Baby Boomers is leading to waves of skilled tradespeople retiring and there aren't enough young people waiting in the wings to take over their roles. In fact, it's predicted that millions of jobs will go unfilled in the coming decade to the increased demand for skilled tradespeople.
In this interview, Jordan talks about how Trades for a Difference hopes to combat the skills gap through diversity and inclusion, seeking to train more young men and women of color for jobs in the construction industry.
Nicole Purvy is founder of the Better Than Success Real Estate League, a growing and dynamic real estate investment club that provides education, networking, and investing opportunities in Philadelphia.
Nicole has also created Philly Real Estate Week, an annual week-long celebration of real estate investing and home buying in Philadelphia and the Women In Real Estate Summit, an annual one-day intensive real estate investing conference featuring a line-up of all-star women real estate investors.
Nicole is also the leader of Jumpstart Olney, an affiliate of the Jumpstart Germantown real estate development program.
In addition to all of this, Nicole is also a podcaster. Her podcast — called the Better Than Success Podcast, was named a top podcasts for entrepreneurs by Entrepreneur Magazine.
Nicole has got a lot going on and we’ve barely scratched the surface! Listen to this interview to hear how she got started and learn some of her secrets to success.
Laura Lacy and her husband Todd are owners of Attic Brewing Co, the first brewery to open in Germantown in 100 years.
Laura grew up in a suburb of Chicago and moved to Philadelphia in 2005 to work at Valley Forge National Park. There she met her husband Todd and got her first taste of craft beer.
In this interview, Laura explains why she and her husband chose Germantown to launch their craft brewery.
What exactly is a craft brewery? Here's a description from the Brewers Association:
See acast.com/privacy for privacy and opt-out information.
Emaleigh Doley is an experienced community organizer and lifelong Germantown resident who has a deep understanding of both the history and present-life of the neighborhood.
Emaleigh is the Corridor Manager for the Germantown United Community Development Corp. She has over 10 years’ professional experience in community programming, marketing and public relations. Emaleigh is known for her passion for helping people. She has a vested interest in improving cities from the ground up, connecting citizens with local government, and providing people working for socially progressive organizations with vital information to help fuel their work.
In this interview, Emaleigh explains how the Targeted Corridor Management Program works and the connection with the Philadelphia Commerce Department.
Facebook: Germantown United
Instagram: Germantown United
See acast.com/privacy for privacy and opt-out information.
Christopher Plant is a Brooklyn transplant who moved to Philly in 2002 and has never looked back. In fact, Christopher has made it his mission to spread the word that Philly is a great place to live, work, and play. He should know because his life changed and his world got better once he settled here.
Today Christopher is a real estate broker at Elfant Wissahickon specializing in commercial real estate and thefounder of a real estate website called Move to Philly.
He's alsothe founder and president of Kismet Cowork, a shared workspace concept operating in three Philadelphia locations: Chestnut Hill, Manayunk and Spring Arts.
In this interview, Christopher tells us how he got into real estate and what inspired him to launch Kismet. He also sharessome of the real estate development lessons he's learned along the way.
Facebook: Kismet Cowork
LinkedIn: Christopher Plant
See acast.com/privacy for privacy and opt-out information.
Steve Kuzmicki is the Economic Development Project Manager at the Southwest Community Development Corp in Southwest Philadelphia. Steve has worked in the community development field in three major metropolitan areas, including Brooklyn, NY, Philadelphia, PA and Wilmington, DE.
He has been involved in the development of many housing and economic development projects and is a part of the Jumpstart Real Estate network because he’s leading the Jumpstart group in Southwest Philly.
And joining Steve is Mark Harrell. Mark is a longtime community activist with an extensive resume. He is a neighborhood block captain and community activist with the Southwest Community Development Corp.
For more information: Southwest CDC
Jumpstart Southwest Philadelphia
Ken Weinstein, the Godfather of NW Philly Real Estate, is the guest of this episode. Ken is the founder of Jumpstart Germantown and President of Philly Office Retail. Jumpstart is a successful community development program that combines slow, steady growth, scattered site rehab, and a mix of affordable and market-rate housing.
"Jumpstart was created to reduce blight and increase investment in our communities," says Ken. "By offering opportunities for local entrepreneurs, we can keep wealth local. With Jumpstart everyone wins - aspiring developers, longtime residents, and other community partners all benefit from additional investment in their neighborhood."
Website: Jumpstart Germantown
Today's guests are Stefanie F. Seldin and Tony Gonzalez of Rebuilding Together Philadelphia (RTP). Stefanie is president and CEO and Tony is program manager.
Rebuilding Together Philadelphia (RTP) revitalizes communities by transforming vulnerable houses into safe, healthy and energy-efficient homes. RTP brings volunteers and communities together to repair homes and improve lives. Each year, RTP and more than 1,300 volunteers provide free safe and healthy home repairs for 75 to 100 homeowners.
In this interview, Stefanie and Tony talk about RTP's several of its programs include Block Builds, Vo-Tech in the House and a $400,000 grant from the Pennsylvania Housing Finance Agency to pay for home repairs for senior residents in Philadelphia.
Stefanie joined RTP as Executive Director in November 2013. Before coming to RTP, Stefanie was the managing attorney for Philadelphia VIP, an agency that recruits volunteer attorneys to assist low-income residents facing civil legal problems threatening their basic human needs. Shelter is first on that list of needs, and housing issues have been Stefanie’s focus for the past 10 years. Stefanie aims to put the housing difficulties faced by low-income families in the hearts and minds of thousands of volunteers. Stefanie has a BA from the University of Pennsylvania and a JD from Georgetown University Law School.
Tony joined RTP in February 2018. With a background in healthcare administration and construction management, Tony brings a variety of experiences to the RTP staff. Prior to joining RTP, Tony worked as a Community Programs Coordinator for Esperanza Health Center where he administered lay health education and a youth fitness programs for the surrounding community.
For more information:
Rebuilding Together Philadelphia
Jumpstart Germantown
See acast.com/privacy for privacy and opt-out information.
You could say Walt King was destined to be in real estate development. His mom is an architect and his dad is a general contractor. He always knew he wanted to work in the realm of real estate but he took a little bit of a journey to get to where he is now.
In less than five years, he’s gone from dabbling in renovating single family houses on the weekends while holding down a 9 to 5 job, to today where he's been the developer of an exciting mixed use commercial real estate project at the corner of Wayne Avenue and W. Rittenhouse Street in the Germantown section of Philadelphia. This development includes two new businesses to the neighborhood --Ultimo Coffee and Germantown Bicycle Supply-- plus some renovated apartments.
In this interview, Walt gives us the details on what it took to bring this commercial real estate development to life in Germantown.
Websites:
UltimoCoffee.com
Germantown Bicycle Supply
JumpstartGermantown.com
Senator Art Haywood was raised by his mother, a public-school teacher. Early on, she instilled the values of hard work and education within him. He attended public school and graduated from Morehouse College, the London School of Economics as a Marshall Scholar, and the University of Michigan Law School.
Haywood practiced law at Community Legal Services and Regional Housing Legal Services with an emphasis on preserving and creating affordable housing. Haywood then focused his private practice on representing organizations focused on neighborhood revitalization.
He was inspired by the 2008 Presidential campaign for Barack Obama and in 2009 ran and won Township Commissioner in Cheltenham Township. After serving as President of the Board of Commissioners, he became State Senator for the 4th District, which includes Montgomery County and parts of Philadelphia.
Since taking office, Haywood and his staff have served more than 7,000 neighbors through constituent services at his district offices and community outreach events.
In this interview, he talks about the Middle Neighborhoods Assistance Program that incorporates free home repair assistance from Rebuilding Together Philadelphia and free legal services through Regional Housing Legal Services (RHLS). These services are available to those in the Northwest section of Philadelphia and were made possible through the PA Housing Finance Agency (PHFA) and the Pennsylvania Interest on Lawyers’ Trust Accounts Board (PA IOLTA).
Website: SenatorHaywood.com
For more information related to the Jumpstart Philly Real Estate Radio Show, visit: JumpstartGermantown.com
See acast.com/privacy for privacy and opt-out information.
Andrew Trackman is the executive director of Germantown United Community Development Corp in Philadelphia. He originally joined the organization as a board member in 2012.
Neighborhood revitalization is part of the core mission of Germantown United. In this interview, Andrew talks about the history of Germantown United and its five-year strategic plan to achieving greater investment in neighborhood stabilization efforts and community wealth-building.
For more information: GermantownUnitedCDC.org
For more information about Jumpstart Germantown, please visit: JumpstartGermantown.com