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In a riveting return to the Straight Up Chicago Investor Podcast, Jonathan Klemm, a seasoned Chicago General Contractor, takes center stage to share the remarkable evolution of his business and investments since his last appearance. Brace yourself for a wealth of insights into the world of Chicago construction, property acquisitions, and the invaluable lessons learned along the way.
Chicago Construction Unveiled
Jonathan wastes no time in providing listeners with a deep dive into the intricacies of Chicago construction. From navigating permits to executing renovations and venturing into new construction, he shares invaluable insights that shed light on the unique challenges and opportunities in this dynamic industry.
Successes and Improvements in Business and Investments
Jonathan takes us through the successes and improvements he has witnessed since his previous podcast appearance. From fine-tuning his business strategies to optimizing investment approaches, Jonathan's journey is a testament to the constant evolution required for success in the competitive Chicago real estate landscape.
Recent Acquisitions: Sourcing and Stabilizing Assets
One of the highlights of the episode is Jonathan's discussion of his recent acquisitions. He unveils the secrets behind successfully sourcing and stabilizing assets, providing listeners with a firsthand account of the strategic moves that contribute to building a robust and diversified real estate portfolio.
The Power of Saying "No"
A standout moment in this episode is Jonathan's candid reflection on turning down opportunities. Learning to say "no" to certain ventures allowed him to focus on more important aspects of his business. Listeners gain insight into the transformative power of strategic decision-making and the importance of prioritizing key initiatives.
Taking Action, Cultivating Focus, and Transparency
Jonathan emphasizes key principles that have propelled his business to new heights. Taking action, cultivating a strong focus, and maintaining transparency are at the forefront of his success. His firsthand experiences serve as a guide for aspiring entrepreneurs and investors looking to elevate their businesses in a competitive market.
Lessons Learned and Business Wisdom
Throughout the episode, Jonathan imparts valuable lessons learned from his journey. Whether it's about seizing opportunities, making strategic decisions, or fostering transparent communication, his wisdom resonates with both seasoned professionals and those new to the real estate arena.
The Next Level: A Call to Action
As the episode draws to a close, Jonathan leaves listeners with a powerful call to action. He challenges aspiring entrepreneurs and investors to embrace the principles of action, focus, and transparency, underscoring their role in propelling businesses to the next level.
Jonathan Klemm's return to the Straight Up Chicago Investor Podcast is a masterclass in business evolution and real estate success. From construction insights to asset acquisitions and the power of strategic decision-making, this episode offers a comprehensive look into the dynamic world of a Chicago General Contractor. Tune in for a dose of inspiration and practical wisdom that will undoubtedly resonate with anyone striving to build success in the competitive realm of real estate.
Watch Straight Up Chicago Investor Podcast Episode 250 in Full Here
Questions We Answer In this Show:
Q. The Costly Consequences in Real Estate Investing
A. Video
Q. The Cost of Taking Shortcuts in Real Estate
A. Video
Q. Revolutionary Rehab Estimator for Real Estate Investors
A. Video
Show Notes:
02:18 Housing Provider Tip: Be aware of wiring best practices and scams!
04:37 Intro to our guest, Jonathan Klemm!
06:52 Jonathan’s messy flip project.
09:01 When are building permits required?
14:29 Dealing with Asbestos.
19:14 Getting into ground-up construction!
24:38 Jonathan’s 1031 exchange and establishing a focus.
29:10 Getting into a 19-unit building.
32:03 Transitioning into a 26-unit building!
35:20 Focusing on Quality Builders (Jonathan’s business)!
44:50 5-Year Outlook on Quality Builders and the City of Chicago!
48:18 What is Jonathan’s competitive advantage?
48:58 One piece of advice for new investors.
49:58 What do you do for fun?
50:35 Good book, podcast, or self development activity that you would recommend?
51:21 Local Network Recommendation?
51:51 How can the listeners learn more about you and provide value to you?
Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Jonathan Klemm
Guest Company: Quality Builders
Guest Link: https://www.qualitybuilders.com/
Other Links for show notes:
Tom Moore (Zoning Attorney Referral)
The Power of Now (Book Recommendation)
Think Like a Monk (Book Recommendation)
Chicago Investor Resources Shared
What You Must Know About Renting Your Property In Schaumburg
Survival Guide For Self Managers - 15 Tips Chicago Landlords Must Know(Especially House Hackers)
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