The Development Advantage with Justin Goodin

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 JourneyHow education shaped his pathWhy multifamily development became his focusThe importance of evolving your investment strategy [05:10 - 10:46] Strategic Pivot to Development in a Competitive MarketWhat drove the shift from syndication to developmentHow market fundamentals support development nowWhy the build-and-sell model works better [10:47 - 15:31] The Developer"s Business Model and Market PositioningHow the developer functions as a project orchestratorWhy local market knowledge creates a competitive advantageThe need for hands-on involvement [15:32 - 20:29] Lessons Learned From Syndication ExperienceWhat timeline can to expect for development projectsThe significance of a focused strategyWhy fixed-rate debt matters [20:30 - 25:58] Building Teams and Defining SuccessHow to select the right business partnersWhat success truly means beyond profitsThe 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