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 creating a scope of work and construction budget; and 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.
