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Zen and the Art of Real Estate Investing with Jonathan Greene

207: Multifamily Real Estate Development Without The Hassle with Justin Goodin

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Many people are looking for a truly passive income–the kind where they can be completely hands-off. Real estate is often very hands-on, but syndications can be the answer for those looking for the hands-off option.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Justin Goodin, founder of Goodin Development. Goodin Development builds premium market-rate communities throughout Indiana and helps busy professionals invest in real estate without the hassle of analyzing properties, managing tenants, or handling repairs.

Jonathan and Justin start by exploring Justin’s first investment, a single-family property, and why single-family assets were a good stepping stone to Justin’s career but not his ultimate goal. Justin shares his “sniper” approach to direct marketing campaigns, what it was like to raise capital for the first time, and his tips for vetting a syndication investment. Justin explains his buy box, who his investors are, and why he has no plans to expand his business outside Indiana. Finally, Justin shares the size of the apartments he builds, the tenants’ demographics, why syndication may not be right for everyone, and what he learned about construction as a first-time developer.

Real estate can be as hands-on as you want, but if you’re the type of investor who wants to take the passive approach, a syndication could be the way to go.

In this episode, you will hear:

  • The $44,000 single-family home that got Justin Goodin started in real estate investing in 2017
  • Why single-family assets were a great stepping stone but not what he wanted long-term
  • The differences between single-family and multifamily syndications
  • Creating direct marketing campaigns and the “sniper” approach he takes
  • What Justin looked for in his first deal and why that turned out to be a value-add property
  • Raising capital for the first time, what he learned from that process, and how to vet a syndication investment
  • Justin’s current buy box and how that can simplify your process
  • Who his investors are, and how he finds land to develop
  • The appeal of remaining in Indiana and creating new developments versus renovating
  • Different sizes of apartments in developments and the demographics of Justin’s renters
  • His ideal avatar and why syndication may not be right for everyone
  • Learning construction as a first-time developer and Justin’s tips for new investors

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Supporting Resources:

Goodin Development – goodindevelopment.com

Justin Goodin’s YouTube channel – www.youtube.com/@JustinGoodin

Justin on Facebook – www.facebook.com/justin.goodin.16

Find Justin on Instagram – www.instagram.com/justin.goodin

Connect with Justin on LinkedIn – www.linkedin.com/in/justingoodin

Website – www.streamlined.properties

YouTube – www.youtube.com/c/JonathanGreeneRE/videos

Instagram – www.instagram.com/trustgreene

Instagram – www.instagram.com/streamlinedproperties

TikTok – www.tiktok.com/@trustgreene

Zillow – www.zillow.com/profile/StreamlinedReal

Bigger Pockets – www.biggerpockets.com/users/TrustGreene

Facebook – www.facebook.com/streamlinedproperties

Email – info@streamlined.properties