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Justin Goodin had no background in construction and no background in development. Today he builds Class A apartment communities from the ground up.
Justin started like most investors. A $44,000 rental, some fix and flips, and the hard lesson that he was "really just buying myself another job."
A job as a multifamily underwriter at a bank opened his eyes to commercial multifamily. He went on to partner on around 500 units of value add deals in and around Indiana. When the market shifted and deals stopped making sense, he pivoted to ground up development.
Justin tells Dave how a mentor let him ride shotgun on his first project, why he sees the developer as the quarterback of the team, and how his latest 114 unit project came together. He also shares why he builds and sells, and why he keeps using the same proven team.
Key topics:
- From rentals and value add deals to ground up development
- Starting with no construction experience and learning from a mentor
- Developer vs general contractor: the quarterback role
- Inside a 114 unit, $26 million project near 3,000 new jobs
- Why sell a brand new building
- Pros and cons of development for investors
About the guest:
Justin Goodin is the founder of Goodin Development in Indiana. He builds Class A multifamily and mixed use communities from the ground up. He has a finance degree, worked as a multifamily underwriter at a bank, and partnered on around 500 units before moving into development.
Connect with Justin:
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