What are the strategies and challenges of investing in real estate development? In this episode of Weiss Advice, we welcome John Blatchford, John talks about his journey in real estate. He dives into the strategies and challenges of investing in real estate development, from getting permits and loans to dealing with structural problems.
Tune in to this episode as John shares how to bring more people to neighborhoods through commercial spaces!
[00:01 - 03:02] Opening Segment
- We welcome, John Blatchford!
- John is from upstate New York and has an engineering degree and MBA
- He is the founder of Kunst Apartments and focuses on redevelopments projects
[03:03 - 23:27] Revitalizing Historic Neighborhoods
- Using tax incentives, opportunity zones, and historic tax credits
- Timing of construction is a key consideration when applying for permits and loans
- Developed skills in real estate, tax credits, and preservation through trial by fire
- Qualified capital gains can be invested without paying tax at the time of investing
- Government intervention is better than punitive rules when it comes to historic buildings
- The structural issues when replacing foundations and rebuilding masonry walls
[23:28 - 28:33] THE FINAL FOUR
- What's the worst job that you ever had?
- Worked at Yard House
- What's a book you've read that has given you a paradigm shift?
- “How To Win Friends & Influence People” by Dale Carnegie
- What is a skill or talent that you would like to learn?
- Learn to play the piano
- What does success mean to you?
- John says, “Being able to provide things to the people you love and ensure no financial pain.”
Connect with John Blatchford:
LinkedIn: John Blatchford
Twitter: @JohnJBlatchford
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
“People don't think they're wrong. Everyone thinks they're doing a good job; everyone thinks they should be making more money. Just be kind to people and just try to work within their psychology, and blame and anger and all that, it's not effective.” – John Blatchford
“There's a value in preserving our historic buildings and our culture and all that. As Americans