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.
Jacob Fisher: Low Income Housing Tax Credits
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.
Max Tanenbaum: Investing In Real Estate While Working Full Time
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.
Caron Nikole: Selecting the Right Contractor for Your Project
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.
Ugo Opara: How to Manage Your Renovation and Not Get Burned
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.
Jeff Pastva: Multi Unit Conversions and Feasibility Studies
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.
John Thain: Alternative Financing Strategies
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.
Jaime Rodriguez: Construction Draw Process
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.
