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The Development Advantage with Justin Goodin

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Manage episode 479371829 series 2848645
Content provided by Yonah Weiss. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Yonah Weiss or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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Can a developer truly succeed by focusing exclusively on local markets while others chase nationwide opportunities? In this enlightening episode, Justin Goodin, a focused multifamily developer from Indianapolis, Indiana, shares his fascinating journey from working as a multifamily underwriter at a bank to becoming a full-time developer of Class A luxury apartments. Justin shares his journey from bank underwriter to full-time developer and explains why he focuses solely on ground-up projects in Indiana. He discusses his strategic shift from syndication to development, his build-lease-sell business model, and why he puts his own capital at risk during pre-development to build investor trust.

[00:01 - 05:09] From Banking to Building: Justin's Real Estate Journey

  • How education shaped his path
  • Why multifamily development became his focus
  • The importance of evolving your investment strategy

[05:10 - 10:46] Strategic Pivot to Development in a Competitive Market

  • What drove the shift from syndication to development
  • How market fundamentals support development now
  • Why the build-and-sell model works better

[10:47 - 15:31] The Developer's Business Model and Market Positioning

  • How the developer functions as a project orchestrator
  • Why local market knowledge creates a competitive advantage
  • The need for hands-on involvement

[15:32 - 20:29] Lessons Learned From Syndication Experience

  • What timeline can to expect for development projects
  • The significance of a focused strategy
  • Why fixed-rate debt matters

[20:30 - 25:58] Building Teams and Defining Success

  • How to select the right business partners
  • What success truly means beyond profits
  • The importance of meaningful connections

Connect with Justin:

LinkedIn: https://www.linkedin.com/in/justingoodin/

Facebook: https://www.facebook.com/justin.goodin.16

LEAVE A 5-STAR REVIEW by clicking this link.

WHERE CAN I LEARN MORE?

Be sure to follow me on the below platforms:

Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.

LinkedIn

Youtube

Exclusive Facebook Group

www.yonahweiss.com

None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.

Tweetable Quotes:

"I just think there's so much opportunity in development. I think there's just a lot less investors willing to put up that work, to learn this stuff in the beginning... to get these projects off the ground." - Justin Goodin

"If you can take interest rate risk off the table by just fixing your debt, it's just one less variable that you have t

Support the show

  continue reading

441 episodes

Artwork
iconShare
 
Manage episode 479371829 series 2848645
Content provided by Yonah Weiss. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Yonah Weiss or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Send us a text

Can a developer truly succeed by focusing exclusively on local markets while others chase nationwide opportunities? In this enlightening episode, Justin Goodin, a focused multifamily developer from Indianapolis, Indiana, shares his fascinating journey from working as a multifamily underwriter at a bank to becoming a full-time developer of Class A luxury apartments. Justin shares his journey from bank underwriter to full-time developer and explains why he focuses solely on ground-up projects in Indiana. He discusses his strategic shift from syndication to development, his build-lease-sell business model, and why he puts his own capital at risk during pre-development to build investor trust.

[00:01 - 05:09] From Banking to Building: Justin's Real Estate Journey

  • How education shaped his path
  • Why multifamily development became his focus
  • The importance of evolving your investment strategy

[05:10 - 10:46] Strategic Pivot to Development in a Competitive Market

  • What drove the shift from syndication to development
  • How market fundamentals support development now
  • Why the build-and-sell model works better

[10:47 - 15:31] The Developer's Business Model and Market Positioning

  • How the developer functions as a project orchestrator
  • Why local market knowledge creates a competitive advantage
  • The need for hands-on involvement

[15:32 - 20:29] Lessons Learned From Syndication Experience

  • What timeline can to expect for development projects
  • The significance of a focused strategy
  • Why fixed-rate debt matters

[20:30 - 25:58] Building Teams and Defining Success

  • How to select the right business partners
  • What success truly means beyond profits
  • The importance of meaningful connections

Connect with Justin:

LinkedIn: https://www.linkedin.com/in/justingoodin/

Facebook: https://www.facebook.com/justin.goodin.16

LEAVE A 5-STAR REVIEW by clicking this link.

WHERE CAN I LEARN MORE?

Be sure to follow me on the below platforms:

Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.

LinkedIn

Youtube

Exclusive Facebook Group

www.yonahweiss.com

None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.

Tweetable Quotes:

"I just think there's so much opportunity in development. I think there's just a lot less investors willing to put up that work, to learn this stuff in the beginning... to get these projects off the ground." - Justin Goodin

"If you can take interest rate risk off the table by just fixing your debt, it's just one less variable that you have t

Support the show

  continue reading

441 episodes

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