Jumpstart Pottstown is a self-sufficient community development program spearheaded by Deb Spence of Fierce Realty Corp and modeled after Jumpstart Germantown. We aim to help revitalize Pottstown by empowering, motivating, educating, mentoring, networking, and providing financial resources to aspiring local real estate developers. First and foremost, we intend to link the local community with real estate development. We desire to share our resources and build a community that beams with pride, brick by brick, together as one.
WHAT WE INTEND TO ACCOMPLISH
“Don’t sit down and wait for the opportunities to come. Get up and make them”
Madame C.J. Walker
EMPOWER
Empower the community to know they can beautify it with their hands and learned knowledge.
EDUCATE
We will train local aspiring real estate developers on the 10 “JumpSteps” of real estate development.
MENTOR
Each will teach one. In the apprenticeship and mentorship program, we will spread knowledge and open the gates of learning.
MOTIVATE
Motivation is like a shower. We need it every day to feel revitalized. This is true for our community. We need encouragement and positive energy from each other to rebuild and restore.
NETWORK
Peer learning and collaboration are the keystones to success.
SHARE
We will share our financial resources to help local members of our community access real estate development. Our goal is to bring real estate development back to the people.
WHAT WE DO
- Creates opportunities for residents of Pottstown to invest and develop in Pottstown
- Builds wealth locally
- Supports scattered-site rehabilitation (as opposed to urban renewal)
- Encourages a healthy mix of affordable and market-rate housing
- Improves neighborhood safety and raises property values through blight reduction
- It helps first-time investors become more attractive to traditional lenders
- Promotes diversity, changing the face of real estate development
We seek community-minded, experienced, or aspiring developers and share our interest in the future of Pottstown. Jumpstarters should be committed to blight removal, creating more quality, affordable housing, and making Pottstown a better place to live, work, and enjoy.
Jumpstart Pottstown Programs
TRAINING PROGRAM
The Training Program consists of 16 hours of instruction using our comprehensive Jumpstart curriculum. In the program, you’ll learn about the 9 JumpSteps of real estate development and visit a local construction site.
If you are an aspiring real estate developer, we encourage you to apply for the Training Program today.
FALL 2023 JUMPSTART POTTSTOWN REAL ESTATE DEVELOPMENT TRAINING PROGRAM IS SCHEDULED FOR OCT 14th-NOV 4th, 2023, SATURDAY’s 12-2 pm
Please apply as soon as possible. Space is limited.
Interested applicants must commit to revitalizing Pottstown. Jumpstart Pottstown’s focus is to help local aspiring developers win financially and revitalize Pottstown. It is devoted to changing Pottstown for the better, and we ask that only candidates with a similar mission apply.
The participation fee is $195 FOR ADULTS, FREE FOR YOUTH (18yrs -19yrs)
The Training Program introduces less experienced developers (with 0 – 5 previous renovation projects) to the basics of real estate development, including property sourcing, due diligence, financing, design and construction, and leasing and selling. Upon graduation, participants are paired with an experienced mentor to guide them through their next development projects. Only participants who attend all training sessions will get matched with a mentor.
If you are interested in serving as a Jumpstart mentor,
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
Jumpstep 6
Develop Design & Procuring Permits
Learn about creating a scope of work and construction budget, Pottstown’s Government, and how to get permits, apply for inspections, and license requirements.
Jumpstep 7
Customize Construction
Actively manage the construction process. Work with contractors. Troubleshooting: when everything goes wrong.
Jumpstep 8
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.
Jumpstep 9
Learn to Become Resourceful and Resilient
Learn how to access additional resources and how to pivot in time of need. Also, learn how to become resilient as the market shifts directions.
EXTRA SERVICE: “JUMP” INARS
Join us online for our mini-training sessions on various topics related to real estate development. It’s real estate development education à la carte! The sessions are one hour long and open to anyone. Industry professionals will lead each session, which includes time for networking.
Once scheduled, all JUMPinars will be listed on our Jumpstart events page. Click on the calendar link to view the schedule and register online.
“Jumpstart was created to reduce blight and increase investment in our communities. 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.”
Ken Weinstein, Founder of Jumpstart Germantown and President of Philly Office Retail
I Want To Attend “Jump’inar” Events
DEVELOPERS NETWORK
The Developers’ Network creates opportunities to connect and build mutually beneficial relationships. Through networking events and social media, like-minded developers, industry leaders, and neighborhood stakeholders connect, share resources, and learn from one another.
Jumpstart Pottstown will host 1-2 Developers’ Network events annually. At each event, participants hear from informative speakers or panelists, have plenty of time to network, and enjoy a complimentary dinner courtesy of a Network sponsor. By joining, you’ll receive email invites to all Developers’ Network events.
Sign Me Up
LOAN PROGRAM
The Jumpstart Pottstown Loan program offers financing for acquiring and renovating residential properties in Pottstown. The Loan Program is available to experienced and novice developers, but first-time developers are encouraged to participate in the Training Program.
The Jumpstart loan process mimics a bank loan process to help prepare aspiring developers for future funding from traditional banking institutions. Jumpstart requires loan applicants to complete an online application and attach a pro forma, comps, and construction budget.
Jumpstart Pottstown is not a bank. We are a non-traditional, mission-driven private lending program that can move quickly to help you compete in a competitive real estate market and guide you. We partner with hard money lenders, private lenders, traditional lenders, and equity partners.
Email for details on our Loan programs and the application process.
Contact us today to empower your greatness.
Reach out if you want to become the next Jumper, donate to the cause, mentor, network, or chat about anything Jumpstart Pottstown-related.
welcome@jumpstartpottstown.com