PROGRAM

The Nine Jumpsteps to Real Estate Development

Jumpstart uses a collaborative approach to real estate development, emphasizing the sharing of resources and information, because we can do more together than we can do alone. Here are the nine Jumpsteps we incorporate:

Jumpstep 1:

Minding Your Business

Learn about the day-to-day management of your real estate development business.

Jumpstep 2:

Development Strategy & Team

Explore why it’s wise to invest in a given neighborhood. Assess risk and rewards. Become aware of your expectations. Determine the best strategy for you.

Jumpstep 3:

Source A Property

Where and how to find properties, and what you need to know about an Agreement of Sale.

Jumpstep 4:

Do Your Due Diligence

Consider all possible strengths, weaknesses, and liabilities. Find out the zoning classification. Develop a list of “comps.” Determine financial feasibility.

Jumpstep 5:

Find Your Financing

Identify funding sources. Secure a loan. Use a long-term real estate investment strategy for “buy and holds.”

Jumpstep 6:

Develop Design & Procuring Permits

Learn about Wilmington's governmental departments and how they work with developers.

Jumpstep 7:

Accessing Other Development Resources

Understand additional development resources and how to access them.

Jumpstep 8:

Customize Construction

Actively manage the construction process. Work with contractors. Troubleshooting: when everything goes wrong.

Jumpstep 9:

Lease/Manage/Sell Your Property

Market to lease your property. Market to sell. Lease to tenants. Retain tenants: Keep them happy and the cash flowing.

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