Design

Design Talk

a compilation of conversations from multiple podcasts based around design and conceptual theories, practices, process, to infinity.

De Sign

KNOWLEDGE IS POWER

Matteo Bologna is the founder and principal of Mucca Design. His multidisciplinary background in architecture, graphic design, illustration and typography facilitated his early business successes and inspired his decision to create a New York branding and design agency. As creative director, he oversees and inspires every project with energy, intellect, and a quick wit. Matteo is the Vice President of the Type Directors Club, and is frequently asked to lecture about branding and typography around the world.

Design Matters with Debbie Millman: Matteo Bologna

Dana Arnett is the CEO of VSA Partners and has established a 30-year career steeped in design leadership, business and brand consulting, and policymaking. He is a 2014 AIGA medalist. In his current role at VSA, Dana leads enterprise activities including strategic planning, growth initiatives, people development and the integration of the firm’s diverse capabilities. Under his leadership, the firm has developed significant scale, capability, and reputation, leading to VSA’s profile as one of the industry’s leading brand agencies. Recognized internationally by multiple organizations for his contributions to design and design thinking, Dana continues to guide VSA in the creation of brand programs, digital and interactive initiatives, and marketing solutions for a diverse roster of world-class clients.

Design Matters with Debbie Millman: Dana Arnett

Jonathan Harris is an artist and computer scientist whose work explores the relationship between humans and technology. His projects include We Feel Fine, a search engine for human emotions; I Want You To Want Me, an installation about online dating; Cowbird, a public library of human experience; 10 x 10, a system for encapsulating moments in time; The Whale Hunt, a series of photographs timed to match his heartbeat; and I Love Your Work, an interactive film about the daily lives of sex workers.

He won a 2005 Fabrica fellowship and three Webby Awards, and his work has also been recognized by Ars Electronica, AIGA, and the state of Vermont, for which he co-designed the state quarter. Print Magazine named him a “2008 New Visual Artist,” the World Economic Forum named him a “2009 Young Global Leader,” and TIME Magazine named his project, Cowbird, one of the “50 Best Websites of 2012.” His work has been exhibited all over the world, including at MoMA, Le Centre Pompidou, the Victoria and Albert Museum, the Central Academy of Fine Arts in Beijing, the Museum of Fine Arts in Houston, and the Pace Gallery.

Born in northern Vermont, he currently lives in Brooklyn, New York.

Design Matters with Debbie Millman: Jonathan Harris

Joe Marianek is a multidisciplinary designer, educator and creative director with more than ten years of experience. He has worked with top agencies, organizations and clients ranging from General Electric to the New York Public Library, and from Bobby Flay to Daniel Libeskind. In 2014, Marianek co-founded Small Stuff, a design studio based in New York. He has worked for over decade in collaboration with the world’s most acclaimed designers. Marianek studied graphic design at the Rhode Island School of Design, his professional career began as a design assistant for Milton Glaser, who paid him with posters. He went on to work alongside Paula Scher at Pentagram designing identities and collateral for cultural institutions. After a brief stint leading identity projects at Landor Associates, he rejoined Pentagram’s New York office in 2007 to work with Michael Bierut, and was ultimately named associate partner. In 2012, Marianek moved west to lead integrated projects with the Apple global design group.

Design Matters with Debbie Millman: Joe Marianek

Debra Bishop is the creative director for More magazine. She came to More from Martha Stewart Weddings, where she served as VP/design director. Prior to that, she was the VP/design director of Blueprint. Bishop started at Omnimedia in 1997 as the art director for the Martha by Mail catalog and was promoted to design director of Martha Stewart Baby and VP/design director of KIDS: Fun Stuff to Do Together and Body + Soul. During her tenure at KIDS, the publication won "Magazine of the Year" by The Society of Publication Design and an ASME for best-designed magazine.

Before Martha Stewart, Bishop served as deputy art director at House & Garden and senior associate art director at Rolling Stone. The early part of her career was spent working for graphic designer Paula Scher.

Bishop has received awards from The Art Director's Club, The Type Director's Club, AIGA and American Photography.

Design Matters with Debbie Millman: Debra Bishop

Michael P. Donovan and Nancye Green are founding partners of Donovan/Green, a brand strategy firm whose partners advise on brand strategy, identify opportunity and develop processes to achieve business objectives. Donovan/Green focuses its expertise on clients in media, real estate development, financial services, technology, consumer products, entertainment and design. 

Donovan is also founder, Chairman and CEO of Asphalt Media, a media company, providing mobile outdoor advertising, and partner of EQ Media. He focuses on brand strategy, marketing and design. Mr. Donovan has served on the national boards of the American Institute of Graphic Arts, the Society of Environmental Graphic Design, and the National Design Center. He was an advisor to the board of the Aspen Design Conference, and is currently on the Board of Governors of Parsons School of Design, the Art Directors Club and the Municipal Arts Society.

Green, in addition to being a founder and principal in Donovan/Green, is founder of EQmedia Partners, a direct response television company, and is a founder of Naomi LLC, a skincare company whose principal product offering, Esteem by Naomi Judd, was launched in August 2003. She has spoken extensively around the world, won numerous awards for her work, and has been widely recognized as a leader in her field. She has been President of the American Institute of Graphic Arts, as well as President of the prestigious International Design Conference in Aspen. In 1998, she was recognized for her contributions and thought leadership with an Honorary Doctorate from The Corcoran School of Art in Washington, D.C. Nancye has been a member of the Young Presidents Organization for more than a decade and served on the Board of Directors of the Metro chapter.

Design Matters With Debbie Millman: Michael Donovan and Nancye Green

Innovator, artist, protagonist, and positive provocateur, Maria Giudice has pursued a vision of intelligent, elegant, people-centered design throughout her professional life. Her grasp of the pragmatic, the authentic, and the essential have kept her at the forefront of design and business for over 20 years. Under Maria's leadership, Hot Studio, the experience design firm she founded in 1997, grew from a two-person outfit into a full-service creative agency with an impressive list of Fortune 500 clients. Facebook paid Maria the ultimate compliment in Mar 2013, by acquiring her and most of her employees in their largest "acqui-hire" to date. Maria's new role as Director of Product Design at Facebook allows her to experience first-hand the challenges and opportunities DEOs face. She is the co-author of Rise of the DEO: Leadership By Design. 

Design Matters with Debbie Millman: Maria Giudice

The mighty Josh Robinson, modeling supervisor at Double Negative in Singapore, comes on the show to talk about his journey in jiu jitsu and how similarly rewarding the martial arts are to creating graphic arts.

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SHOW NOTES: 

Josh's Google + : https://plus.google.com/115355006376549515345/posts
Double Negative: http://dneg.com/
Joe Rogan Podcast: podcasts.joerogan.net/

“When you overspecialize, you breed in weakness”

Ep. 49 - Josh Robinson

Crowdfunding is changing the way many people invest. Real estate crowdfunding, in particular, has seen massive interest as investors now have the opportunity to invest in some of the top properties in the world, alongside top institutional investors -- all from their laptops or tablet computers.

Jilliene Helman is the co-founder and CEO of Realty Mogul, one of the leaders in the real estate crowdfunding sector and she joins me on the Tradestreaming Podcast to talk about how investors are using her platform to invest in cash flows and hard assets.

***Thanks for joining us on Tradestreaming Radio -- I'm very grateful for your time. It's awesome learning about these new tools and technologies together.

If you're listening to this episode on iTunes, please give it a ranking and rating so that others know of the value you're finding in it. Thank you ahead of time.****

Investing in real estate via crowdfunding - with Realty Mogul's Jilliene Helman

How To Find, Buy & Fix-Up A Foreclosed Home
Notes:
203k Rehabilitation Loan Purchase Process
10 Questions buyers always ask
1.	What’s the best loan to use for a rehab loan
a.	Typically you’ll need 3 loans to complete this type of transaction. The first to purchase the home, additional financing to fix it up or rehabilitate it, and lastly get permanent financing when  the work is completed to pay of the first two loans.  The 1st 2 loans, called the acquisition and construction loans have relatively high rates and low loan periods (like 24-48 mths)
b.	The 203k loan was designed to address this situation.  You can just get one loan and finance the acquisition and the rehabilitation.  The most inexpensive and easy to use loan product to do a rehab loan is called an FHA 203k loans…  the funds you’ll receive are based on the value of the property after the work is completed
c.	3.5 percent vs 10% down for a conventional loan
d.	Although no one is stopping you from renting or selling in 1 year
i.	You do have to be an owner occupant

2.	How can I tell if 203 (k) home loan is right for me
a.	To qualify
i.	3.5 % down
1.	Can be gifted from a close friend or family member
2.	Can borrow the funds from your retirement account without the new debt counting against your ratios
ii.	640 median credit score
iii.	Allows co-borrower who don’t necessarily need to live in the home
b.	There’s no minimum for streamlined 203k
c.	There’s a $5,000 for a full 2003k
d.	You can use a 203k loan for a home that is a one to four family dwelling.  
e.	Condo is ok but (there are restrictions, like the condo/subdivision must be a hud approved)
f.	Single family or townhome ok
g.	Multifamily is ok
i.	You can even convert a one family dwelling to two, three or four family.  You can also decrease from a four family to 1 or 2 family.
h.	The mortgage for the home cannot go over the FHA loan limits
i.	Click here to see loan limits.
i.	You cannot use to finish a home that currently under construction.

3.	What can be included in the rehab when using a 203 k loan? (not limited to this list)
a.	Repair and replacement of structural damage
b.	Add a bathroom
c.	Add an addition
d.	Finish bathrooms
e.	Remodel kitchens and bathrooms
f.	Change siding 
g.	Eliminate obsolescence like a carport or covered porch
h.	Replace plumbing, heating and electrical systems
i.	You can even install new plumbing fixtures of interior whirlpool bathtubs
j.	You can install a new sewer or septic systems
k.	Roofing, gutters downspouts
l.	Flooring of all types and carpeting
m.	Energy conservation improvements like double pain windows, insulations doors, solar systems caulking and weather-stripping
n.	Landscaping, patio and decks, fences driveway walk
o.	Trees can be removed if they are a safety hazard.
p.	new appliances and paint and also swimming pool repair
q.	Improvements for accessibility to a disabled person

4.	What things cannot be included in a 203k rehabilitation?  Not limited to this list repair of:
a.	Barbeque pit
b.	Bathhouse
c.	Exterior hot tub, sauna, spa or whirlpool bath
d.	Outdoor fireplace
e.	Installation on new swimming pool
f.	Gazebo
g.	TV antenna
h.	Satellite dish
i.	Tennis court
j.	Trees cannot be removed unless the tree is a safety hazard

5.	How do I choose a contractor? What Questions should you ask?
a.	Seek referrals – Who have you done work for in the past. 
i.	List of references - The contractor should be able to give you the names, addresses, and phone numbers of at least three clients who have projects similar to yours.	  The lender will also ask for references and has paperwork for the contractor to complete.  You may want to ask the following?
1.	Can I visit your home to see the completed job?
2.	Were you satisfied with the project? Was it completed on time?
3.	Did the contractor keep you informed about the status of the project and any problems along the way?
4.	Were there unexpected costs? If so, what were they?
5.	Did workers show up on time? Did they clean up after finishing the job?
6.	Would you recommend the contractor?
7.	Would you use the contractor again?
b.	Verify that they are licensed and insured
i.	Maryland Home Improvement Commission Contractor’s License
ii.	Confirm General liability insurance.  Contractors without insurance could mean they are unlicensed.
iii.	Home Improvement Commission at: 410-230-6309 or www.dllr.state.md.us
c.	Get multiple bids
d.	Contractor must have the ability to start work upfront
e.	Contractor most be accurate because the mortgage cannot be increased to cover the cost of the rehabilitation.
f.	Can I do the work?
i.	Must be qualified… the lender agrees on a case by case basis
ii.	Must perform a work right up and that make take time because of lack of experience.  Also the amount of the mortgage cannot be increased to cover additional expenses
iii.	Borrower will only be paid for the cost of materials.
g.	Check lenders exception list

6.	What is the 203(k) home  buying process (Part 1 and Part 2)
a.	Homebuyers locates to property
b.	Market Analysis with realtor
i.	Extent of the rehab work required
ii.	Rough cost estimate of the work
iii.	Expected market value of the property after the completion of the work
iv.	You could lose money for the appraisal ($400) if the value of the property is less than the purchase price plus the cost of improvements
c.	Sales contract is executed
i.	Add contingencies to protect deposit
ii.	Home inspection
iii.	Financing
iv.	Appraisal
v.	Negotiate closing cost help/get grant money
d.	Home & Termite Inspection
i.	Home inspection usually costs 250-450
ii.	Consult with agent about required FHA repairs…
iii.	If the property work is going to more than $30,000 we can save money by having the HUD consultant do the inspection
e.	Work write up
i.	Contractor <$30,000 (HUD Consultant not needed)
ii.	HUD Consultant >$30,000 
1.	Send to contractor >>> for estimate
f.	Appraiser performs the appraisal
i.	This is the most important part of the process and has the biggest impact on your timeframe.  The appraisal cannot be ordered until there is a work write up for a regular 203k or contractor bids for a streamline 203k. Typically, closing does not take place until 45 days after the appraisal is ordered.
g.	Lender prepares the loan package
i.	Application is reviewed and all financial information is verified to establish the ability of borrower to repay the mortgage
ii.	Establish maximum insurable mortgage amount (based on appraisal and write up)
iii.	Lender Issue Commitment
h.	Mortgage Loan closing
i.	Rehabilitation Escrow Account is established
i.	Rehabilitation Construction begins
i.	Homeowner had 6 months to complete work
ii.	During construction process funds are release after the work is inspected by a HUD – approved inspector.
j.	Completion of Work/Final Inspection
i.	If there is unused contingency reserved funds or mortgage payment reserves in the account, the lender must apply the funds to prepay the mortgage principal

7.	What improvements will make my home go up in value
a.	Home values are based on what your neighbors have sold their homes for
b.	 Simple maintenance, landscaping, and fresh paint 
c.	Read -  101 Ways To Massively Increase The Value Of Your Real Estate Without Spending Much Money by Dolf de Roos 

8.	How can I get the money to reduce my closing costs/ and or down payment requirement
a.	Negotiate closing assistance with seller
i.	Seller help is capped at 6% of sales prices
b.	Homebuyer grants
c.	HUD $100 Down program if you buy a HUD home
d.	Fannie Mae 3.5% closing assistance if you buy a Fannie Mae foreclosure

9.	10  things you must know about a 203 (k) rehabilitation loan
1.	What’s the minimum & Maximum requirements
a.	No minimum unless you are using a full 203k then $5,000 worth of eligible improvements
b.	The cost of improvements and purchase price cannot exceed the HUD approved FHA loan limit of $729,900  dc, pg, mg
2.	Can we refinance a 203k into
a.	yes
3.	Can we include mortgage payments
a.	Yes. Up to 6 months worth
4.	What if they find more things that need work while the contractors are rehabbing
a.	Establish a contingency reserve usually between 10 and 20% of the cost of rehabilitation
5.	Money to start work at the table/ When will we get money?
a.	Depending on the lender at the table or up to a month after settlement.  
b.	Streamlined half up front and half at completion
c.	Full 203(k) up to 5 scheduled draws
6.	When can I sell or rent the home?
7.	How long does the whole process take?
a.	Finding a home can take 3 months
b.	The closing process can take between 45-60 days
c.	Rehab work can take between 30-120 days depending on the scope of the work and the ability of the contractor
8.	What happens if the cost of the rehabilitation increases during the rehabilitation?
a.	The mortgage cannot be increased during to cover expenses
9.	Can a detached garage be placed on the property?
a.	Yes. However the new unit must be attached on the dwelling
10.	Can cost savings on the rehabilitation be given back to the borrower
a.	If cost savings are not used money is applied to mortgage principal or
b.	You can make additional improvements and a Change Order must be completed and approved by the lender.

Sales Price + repair cost must be 110% of the appraised 
Example:
100,000  Sales Price
15,000 In repairs
---------------------------
115,000 sale price + repairs
110,000 appraised value
110,000 x 110 = 121,000
We are ok 

Example
100,000
25,0000 in repairs
----------------------
125,000 sales price + repairs
110,000 appraised value
110,000 x 110,000  = 121,000
We over by $4,000 ( buyer can come up with extra 4,000 or back it down)
Doesn’t happen much! 


How To Find, Buy & Fix-Up A Foreclosed Home | FHA 203k Online Seminar

In this podcast interview with Debbie Millman, legendary graphic designer Massimo Vignelli, best-known for creating the iconic New York City subway map, discusses intellectual elegance, education, love, the pitfalls of marketing, and his long career in design.

Subscribe to Design Matters on iTunes for more great interviews with celebrated designers and creative minds: https://itunes.apple.com/us/podcast/design-matters-debbie-millman/id328074695

Image: Painting of Massimo Vignelli by Jessica Helfand after a photograph by Beatriz Cifuentes.

Design Matters with Debbie Millman: Massimo Vignelli

Design Matters by Debbie Millman features interviews with designers, artists and cultural leaders, including Lawrence Weiner, Barbara Kruger, Malcolm Gladwell, Eric Kandel, Stefan Sagmeister, John Maeda, Jonathan Hoefler and Tobias Frere-Jones, Michael Arad, Milton Glaser, Massimo Vignelli, Paula Scher, Steven Heller, Jonah Lehrer, among others.

In 2011, Design Matters received the People’s Design Award from the prestigious Cooper-Hewitt National Design Awards.

Subscribe to Design Matters for free on iTunes, where new episodes are uploaded weekly: http://itunes.apple.com/us/podcast/design-matters-debbie-millman/id328074695