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Episode 423: Fire, Squatters, and Drugs! When Your $100k Chicago Investment Goes To Zero with Jonathan Klemm

 partnership pitfalls to avoid based on recent changes within his business. He gets vulnerable by discussing a multifamily investment on Chicago’s southside that involved various evictions and a $400,000 fire caused by a problem tenant! Jonathan shares tips on the mindset required to weather business storms and turns to more positive news by discussing some large renovation projects that his company is working on. He closes with how he has leveraged networking to skyrocket his business and shares his plans for continued growth going into the new year!

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02:07 Housing Provider Tip - Perform adequate due diligence specifically as snowy conditions are present!

03:44 Intro to our guest, Jonathan Klemm!

06:50 Partnership pitfalls to watch out for.

15:10 Jonathan’s scary “fire” deal!

29:41 Mindset for getting through a difficult deal.

42:41 Large renovation projects by Quality Builders.

48:26 Leveraging BiggerPockets to grow a business.

50:36 Jonathan’s 5 Year Outlook!

53:20 What is your competitive advantage?

54:00 One piece of advice for new investors.

54:31 What do you do for fun?

54:38 Good book, podcast, or self development activity that you would recommend? 

55:32 Local Network Recommendation? 

56:51 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: Jonathan Klemm

Guest Company: Quality Builders

Guest Link: https://www.qualitybuilders.com/

Other Links for show notes:

Founders (Podcast Recommendation)

SUCI Ep 250 - Jonathan Klemm

SUCI Ep 206 - Prashanth Mahakali

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