REI172: Preserving the Past Using Historic Tax Credits w/ John Blatchford

Millennial Investing - The Investor’s Podcast Network

Patrick Donley chats with John Blatchford, who is the founder of Kunst, which is a developer of properties built in the 1800s. He shares his thoughts about how he got started in the preservation of historic buildings and the advantages of using historic tax credits to improve his returns.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

11:50 - Why he decided to leave his W-2 job to pursue real estate full-time.

15:37 - How he learned about the advantages of historic tax credits.

25:00 - What the business model is for his company, Kunst.

36:45 - What the process is like for applying for historic tax credits.

39:14 - How John got his start in historic buildings by purchasing a $5000 building in Cincinnati.

45:00 - What his tech stack looks like to operate his business.

45:00 - Where and how he raised the initial capital to fund his projects.

49:28 - What his best advice would be for someone interested in real estate development.

56:32 - How his love of pickleball developed.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Robert’s book The Everything Guide to House Hacking.
• How to Win Friends and Influence People by Dale Carnegie.
• War of the Worlds by H.G. Wells.
• Richer, Wiser, Happier by William Green.
• Related episode: Listen to REI155: Building a Boutique Property Empire w/ Moses Kagan, or watch the video.
• Related episode: Listen to REI159: From Receptionist to Urban Infill Developer w/ Sean Sweeney, or watch the video.
• Related episode: Listen to REI164: Intelligent Design w/ Bobby Fijan, or watch the video.

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