There’s so many different ways people participate in real estate, and for many, it’s often a journey. In this episode of "REady2Scale," Jeannette Friedrich, Director of Investor Relations at Blue Lake Capital, explores this strategic shift with Justin Goodin, from value-add to now the CEO of Goodin Development. They delve into the challenges and opportunities in today’s competitive multifamily market, offering valuable insights for investors for each strategy.
Key Points:
-Discover the reasons behind Justin’s transition from value-add multifamily investments to ground-up development.
-Learn how to navigate the current market’s rising construction costs and competition.
-Understand the role of partnerships with municipalities in making development projects viable.
-Gain tips on evaluating underwriting models and assessing cap rates for smarter investing.
-Explore the benefits of staying laser-focused on one strategy in real estate development.
Mentioned investment opportunity: www.bluelake-capital.com/btdallas
Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
To reach Ellie & the Blue Lake team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you.
Timestamps 00:00 Introduction to Multifamily Real Estate 00:37 Meet Justin Goodin: From Value Add to Development 04:16 Challenges and Strategies in Multifamily Development 11:28 Insights on Financial Modeling and Underwriting 20:52 Lightning Round and Final Thoughts
Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose
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