Jim Paul, Director of the ALPS Group, has over 2 decades of experience in land development and receivership.

Jim jumps right in by discussing an early 21-acre land development deal and the hurdles he dealt with there! He breaks down his Tuscan Hills and Canterbury Lakes projects - residential developments in Will County, IL. Jim explains how to get creative with land development design and how to finance these projects. Throughout the episode, Jim repeats the importance of due diligence to mitigate risks and protect yourself and your investors!

If you enjoy today’s episode, please leave us a review and share with someone who may also find value in this content!

=============

Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Properties for Sale on the North Side?  We want to buy them. Email: StraightUpChicagoInvestor@gmail.com

Have a vacancy? We can place your next tenant and give you back 30-40 hours of your time. Learn more: GCRealtyInc.com/tenant-placement

Has Property Mgmt become an opportunity cost for you? Let us lower your risk and give you your time back to grow. Learn more: GCRealtyinc.com

=============

Guest: Jim Paul, ALPS Group | Call Jim: (815) 469-3800 | Email Jim: jmp@TheALPSGroup.com

Link: Lee Iacocca Autobiography

Link: Building Industry Association Chicago

Guest Questions: 

02:21 Housing Provider Tip - Considering replacing older appliances instead of spending on repairs!

03:25 Intro to our guest, Jim Paul!

05:40 Developing a 21-acre property with limited experience!

14:28 How to source land deals.

24:27 Getting creative with land development!

29:02 Financing land development.

34:03 Lessons learned from 20 years of experience.

35:45 The ins and outs of receivership.

52:22 Jim’s plan for the next 5 years!

55:31 What is your competitive advantage?

57:25 One piece of advice for new investors.

58:41 What do you do for fun?

59:00 Good book, podcast, or self development activity that you would recommend? 

60:50 Local Network Recommendation? 

62:07 How can the listeners learn more about you and provide value to you?

-----------------