The Journey of a Multifamily Developer: Insights from Justin Goodin

Description: In this episode of the Commercial Real Estate 101 podcast, host Paul David Thompson sits down with Justin Goodin, a successful commercial multifamily developer based in Indianapolis. Justin shares his personal journey from traditional employment to becoming a thriving real estate developer, discussing the challenges and opportunities he has navigated in the current market. 

Key Takeaways:

• Justin Goodin's transition from a traditional career to a successful multifamily developer.
• The significance of self-education and networking in the real estate industry.
• The current market conditions and the advantages of focusing on development over value-add projects.
• The importance of asset management and the complexities involved in development.
• The benefits of building to sell versus long-term property ownership.
• The role of local partnerships and relationships with city officials in project success.
• The importance of identifying supply-constrained areas for development opportunities.

Resources:

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GoodinDevelopment.com/invest

About our Guest

Today, we're excited to welcome a dynamic entrepreneur who transformed his traditional finance career into a groundbreaking real estate investment venture. With a finance degree and banking background, our guest founded Goodin Development after realizing the potential of passive real estate investing. By building new apartment complexes in Indiana, he's created a unique investment model that allows busy professionals to earn real estate benefits without the typical landlord responsibilities. Through his company, he helps others diversify their investment portfolios by offering hands-off, strategically managed investment opportunities that generate passive income.