The Development Advantage with Justin Goodin

Weiss Advice

Weiss Advice
The Development Advantage with Justin Goodin
Apr 27, 2025 Episode 431
Yonah Weiss

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

Episode Artwork The Development Advantage with Justin Goodin 25:58 Episode Artwork Smart Investing for Busy Professionals with Param Baladandapani 37:37 Episode Artwork From Skeptic to Investor: How Real Estate Changed Everything with Jeanette Friedrich 34:23 Episode Artwork Why Client Relationships Matter More Than Transactions with George Pino 40:49 Episode Artwork Revolutionizing Real Estate with Total Cost of Ownership with Andy McQuade 46:06 Episode Artwork Turning Authenticity into a Capital-Raising Superpower with Jeremy Dyer 36:58 Episode Artwork Why Content Creation Drives Business Growth with Joe Killinger 35:20 Episode Artwork Scaling Success: From Rentals to Hard Money Lending with Owen Dashner 37:20 Episode Artwork Social Media Mastery in Commercial Real Estate with Carson Baird 40:14 Episode Artwork Why Omaha is a Real Estate Goldmine with Seth Campbell 30:49 Episode Artwork The STARS Method: Transform Your Mindset, Transform Your Life with Chris Schwagerl 36:24 Episode Artwork Inside the Title Insurance Industry with Tayler Tibbitts 33:31 Episode Artwork The Real Estate Mindset Myth with Alix Kogan 30:33 Episode Artwork Creating Value in Real Estate Beyond Transactions with Ken Ashley 31:54 Episode Artwork Business Wisdom and Wealth-Building Strategies with Annette Hemmert 35:14 Episode Artwork The Power of Market Intelligence in Real Estate with Adam Dunn 36:41 Episode Artwork Twitter: An Unexpected Game Changer for One Lawyer with Michael Huseby 29:25 Episode Artwork Choosing the Right Real Estate Investment Opportunities with K. Trevor Thompson 32:27 Episode Artwork Seeking Impact Through Multifamily Investing with Manny Juarez 33:22 Episode Artwork Smart Money Strategies in Real Estate with Mike Zlotnik 41:51 Episode Artwork How AI is Transforming the Real Estate Industry with Vanessa Alfaro 38:22 Episode Artwork How to Craft A Life Of Freedom & Fulfillment with Mike & Ligia Deaton 37:46 Episode Artwork Common Pitfalls That Limit Investing Ability with Brenna Carles 39:43 Episode Artwork Strategic Tax Planning for Investors with Ashish Acharya 39:42 Episode Artwork A 22-Year-Old's Playbook for Young Investors with Jabbar Adesada 39:30