Impact Investing with Jon Weiskopf

The Real Estate Espresso Podcast

Impact Investing with Jon Weiskopf

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Introduction: Impact Investing with Jon Weiskopf

Welcome to this engaging discussion on impact investing in the world of real estate with Jon Weiskopf. Based in Sturgeon Bay, Wisconsin, Jon comes with a wealth of experience, switching gears from a career in HVAC mechanical engineering to the dynamic realm of impact investing.

Understanding Impact Investing

The key aspect of our conversation revolves around understanding what impact investing means. Essentially, it is about investing in projects that yield both environmental and social impact. The core belief is that providing quality homes is a fundamental step towards enhancing an individual’s overall life quality. It’s indeed powerful that this is achievable through multifamily real estate investments.

The Impact Potential of Older Buildings

Jon and I agree that one of the most sustainable practices is to salvage existing buildings instead of tearing them down – provided they are not functionally obsolete. Most newly constructed properties fall into the A-class category, whereas the demand for C class properties is increasingly apparent with the growing income gap and affordability crisis. The main goal here is to breathe new life into these older buildings and ultimately transform communities.

Jon implores us to understand that each property comes with its unique approach. Even simple changes like the colour temperature of light bulbs can substantially influence tenants’ quality of rest. In our discussion, we delve into how mini split heat pumps can offer cost-effective heating solutions. These systems are highly efficient, easy to install, and comparatively cheaper in the long run given rising utility rates.

Building Sustainable Properties and Returns

Navigating financial and environmental sustainability can be a tightrope walk. The aim is to weave in long-term returns and secure the funding required for heavy value-adds. Markets such as Tulsa and Oklahoma City, defined by high demand for affordable housing, can make this equation work. Focusing on operational control and expenses, we can control the ownership money and cap cost investments in these growing markets.

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