🏗️ Multifamily Development Mastery: Building Wealth from the Ground Up with Justin Goodin 🏢 скачать в хорошем качестве

🏗️ Multifamily Development Mastery: Building Wealth from the Ground Up with Justin Goodin 🏢

Want to learn more about investing in real estate? Visit https://www.therealestateinvestingclu... Interested in investing in my projects? Visit https://www.kaizenpropertiesusa.com Timestamps: 0:00 - Introduction to Justin Goodin 0:57 - Justin's journey from fix-and-flips to multifamily development 2:15 - Discovering commercial real estate through an investor encounter 3:22 - Working as an underwriter and scaling to 500 multifamily units 4:19 - Why bigger properties can be safer than small investments 5:39 - Finding his first 29-unit deal through direct mail 7:29 - Adding additional units to an existing property 8:58 - Why Justin transitioned from value-add to ground-up development 10:46 - The financial challenges of multifamily development today 12:57 - Working with municipalities to make projects financially feasible 15:28 - How city incentives fill the financial gap in development projects 18:22 - Education recommendations for real estate investors 19:33 - Advice to Justin's younger self 20:09 - Top metro area for investing today 20:34 - Best way to find development deals 21:04 - Lessons learned from permit delays on his first project 22:25 - Best ways to raise capital for development projects 22:48 - How to connect with Justin Goodin 🔑 In this episode of The Real Estate Investing Club, I sat down with Justin Goodin of Goodin Development to dive deep into the world of multifamily ground-up development! Justin shares his fascinating journey from residential fix-and-flips to building Class A multifamily properties in Indianapolis. 🏗️ Justin made the leap from his W2 job as a commercial multifamily underwriter to full-time real estate investing four years ago. He's since scaled his portfolio to approximately 500 multifamily units before transitioning to focus exclusively on ground-up development. 📈 Key Insights: Why starting small in real estate isn't always the safest approach (commercial properties with higher revenue can actually be LESS risky!) How Justin found his first 29-unit deal through direct mail marketing the same week he left his W2 job The creative way Justin turned a 29-unit property into 33 units by utilizing unused space Why he pivoted from value-add to development: "Everybody and their brother is looking for value-add multifamily" One of the MOST valuable takeaways from our conversation was Justin's innovative approach to making development deals work in today's challenging market. He explains how his company works with municipalities to secure incentives that fill the financial gap between construction costs and market value. This strategy allows him to build high-quality Class A mixed-use developments that wouldn't otherwise pencil out in the current environment. 💡 On Finding Deals: As a developer, Justin's primary strategy is building relationships with municipalities to understand their growth goals and design projects that align with their vision. This approach creates win-win opportunities that bring housing, jobs, and economic development to communities. Biggest Lesson Learned: Justin shared how permit delays added 12 months to one of his projects - a critical reminder about the importance of understanding the permitting process and timeline before starting any development project. For Capital Raising: Justin leverages LinkedIn and Facebook as his primary platforms for connecting with potential investors and sharing his development expertise. If you want to connect with Justin or explore passive investing opportunities in his development projects, visit goodindevelopment.com or find him on LinkedIn! 🌟 As always, keep rocking real estate and remember - sometimes the highest barriers to entry (like development) create the greatest opportunities! 🚀 #RealEstateInvesting #MultifamilyDevelopment #CommercialRealEstate #GroundUpDevelopment #PassiveIncome #RealEstateDevelopment #MultifamilyInvesting #REICPodcast #RealEstateEntrepreneur #MunicipalIncentives #IndyRealEstate #IndianapolisRealEstate #DevelopmentDeals #MixedUseDevelopment #ValueAddReal Estate