Jumpstart Philly Real Estate Radio Show

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Ross Hennesy: Rigby Housing

Season 1, Ep. 33

The lack of affordable housing is a growing issue everywhere, but here in Philadelphia, the problem is particularly acute. In fact within the last decade Philadelphia lost approximately 20% of its low cost housing due to numerous factors.


My guest today is Ross Hennesy and he’s the co-founder of Rigby Housing, a social enterprise firm that he operates with his partner Frank Reis, and which strives to provide affordable housing to low and moderate income residents in Germantown. 


Rigby Housing's philosophy is as follows:


"By modestly renovating existing housing that is in poor or unsafe condition and managing from a place of neighborhood awareness, we help stabilize the price of rental homes. This buffers neighborhoods from volatile market forces, such as blight on one end and economic displacement on the other. We see ourselves as part of a much larger movement to provide "development without displacement" in Philadelphia and around the world."


Rigby Housing aims to provide housing that is affordable to moderate-income residents , which means residents make less than 60% of the Area Median Income (AIM) as reported by the US Department of Housing and Urban Development (HUD) and spend less than 30% of their income on rent.

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2/24/2020

Hoan Thai: I Escaped My 9 to 5

Season 1, Ep. 36
If you’re working a regular job and have ever dreamed of leaving your 9 to 5 going into real estate full time this interview is for you.Hoan “Houdini” Thai has a story that many of us can relate to. Hoan is a Philly-based investor with three main focuses. His foremost specialty is finding and acquiring cash-flowing investment properties in emerging neighborhoods,. He also is a private lender and he helps other real estate investors just starting out by offering in-depth coaching, training and networking through his website and Facebook group called “I Escaped My 9 to 5” so they can make their way in the real estate investing world.After Hoan graduated from college with a degree in engineering, he knew the very first day on his first professional job that he wasn't cut out for a conventional job working in a cubicle. He aspired to do something more entrepreneurial and real estate fit the bill. Unlike a lot of other entrepreneurial ventures where there are too many variables outside of one's control, real estate comes with a pretty straightforward roadmap, if you're willing to follow it and you know what you're doing. He liked the fact that once he knew how to analyze deals and source information to make well-informed buying decisions, the process was one he could "rinse and repeat.""When I saw thatthere’s the roadmap I can confidently use to do this, that was the difference," he says. "That was whatcaused me to escape. With real estate the answers aresuper clear. The roadmap wassuper clear."