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Enter the Lionheart

Sean Jones: New Construction Development: Rebuilding Chicago in the “Year of the Mamba”

Enter the Lionheart

Lawrence Dunning

Books, Wisdom, Entrepreneurship, Mma, Finance, Jiujitsu, Renaissanceman, Author, Realestate, Goals, Business, Mentor, Philosophy, Ayahuasca, Society & Culture, Psychedelicexplorers

51.2K Ratings

🗓️ 21 February 2024

⏱️ 68 minutes

🧾️ Download transcript

Summary

Sean Jones has over a decade of experience in rehabbing buildings and new construction development, rebuilding the city of Chicago, block by block.

Sean’s journey to immense success wasn’t linear; he left the corporate world and started doing rehabs and was very successful until the 2009 real estate collapse. It took several years, but he rebuilt and began mentoring others in the rehab process. Eventually, his desire to grow to bigger projects led to him starting new construction development. And today he has the incredible 2024 goal of 9 completed new construction buildings.

We discuss how it’s possible to complete and sell a brand new 3-unit in less than 4 months. What are the most important things to be successful in real estate development and some of the common pitfalls. And the importance of 2024 as the “Year of the Mamba.

In Kobe’s words: "To sum up what Mamba Mentality is, it means to be able to constantly try to be the best version of yourself…a constant quest to try to be better today than you were yesterday."

Until next time, love and good vibes.

Podcast Website: https://enterthelionheart.com/

Check out the latest episode here:

Apple Podcast: https://podcasts.apple.com/us/podcast/enter-the-lionheart/id1554904704

Spotify: https://open.spotify.com/show/4tD7VvMUvnOgChoNYShbcI

Transcript

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0:00.0

The A single theme is too narrow for great minds and daring hearts. Get ready to enter the

0:18.8

Lion Heart with your host Lauren stunning. Well Sean Jones, great to talk to you,

0:24.4

and I'm excited today.

0:25.6

We have a lot to talk about.

0:26.6

All right, I'm glad to be here, man.

0:28.7

Big Lawrence in the house.

0:31.8

So when I first met you, you had just finished your first building on the

0:35.3

woodlawn development and it was really cool because I was out of town but I

0:38.5

know they had the ABC News or someone that came there and they there was I think it was five of you that

0:43.4

had all done a building and you had completely changed that block before you guys

0:46.6

it was all vacant lots and it wasn't much going on and now it's this beautiful

0:50.3

block how did that happen that you guys all came together?

0:53.0

Well, we're basically all developers in the neighborhood have all grown up on the

0:58.7

south side and we decided as rehabbers that we want to do something really big. And there's a term out here or

1:07.0

a slogan, buy back the block and that's kind of catchy in our necker woods at a neighborhood and that we wanted to do something really big, buy back the

1:17.4

block and put something out there that people were going to recognize and like, wow, this is really inspirational and changing.

1:25.0

So we contacted the Cook County Land Bank, told them what our plans were and they were excited and we got our funds together and

1:36.2

purchased the lots. We bought 11 lots, did basically half of the development

1:41.0

in the first round and we basically share best practices with one

1:45.7

another and shared resources because none of us had the experience of actually developing

1:51.7

but we did have a ton of rehabs under our belt.

1:54.6

So that allowed us to learn from each other as we got through the process and once we got the

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