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Episode 408: Chicago Suburb Land Development with Jim Paul

By Mark Ainley

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!

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?

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Connect with Mark and Tom: StraightUpChicagoInvestor.com

Email the Show: StraightUpChicagoInvestor@gmail.com

Guest Name: Jim Paul

Guest Company: ALPS Group

Guest Link: https://www.linkedin.com/in/jimpaul1

Other Links for show notes:

Jim’s Number: 815-469-3800

Jim’s Email: jmp@thealpsgroup.com

Lee Iacocca Autobiography

Building Industry Association Chicago


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Author

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Mark Ainley
Investor, Managing Broker, and Property Manager
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased...
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased over 4,000 properties, featured on CNBC’s TV show The Deed, co-host on Chicago's AM560 Real Estate Revealed Radio Show, and invited to speak & sit on panels at numerous investment summits across the country. I have also been blessed with the opportunity to be a guest on over 30 top podcast platforms. GC Realty & Development, LLC, currently manages over 1,200 investment properties throughout the Chicagoland area. In 2019, 2020, 2020 and 2022, GCR&D was featured on the Inc. Magazine list of top 5,000 fastest growing companies in the United States. I take great pride in providing valued feedback to beginners and less experienced entrepreneurs on what steps not to take or what steps to take sooner in growing a younger business.
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