Building and Construction development 101

In this episode we sit down with real estate developer Justin Smith, we discuss his journey into development, and what ignited his passion for it. We also discuss the need to know about development, how to get started in the space, how to build your team, connections, and allies, and how to approach a development deal from a numbers perspective. Justin also shares the most common mistakes people make when getting into the development space and how to avoid them. 

Justin Smith founded Relequity Enterprises, a Private Equity & Real Estate. Relequity.com acquires Multi-Family Real Estate in the SouthEast and MidWest Markets. He is currently a general partner on 360 units of housing in Des Moines, Iowa.  He is set on increasing that ownership level to over 1000 units in 2021. He also advises on private client developments in TX, CA, and OH.

Smith leads projects through the predevelopment stages, design management, construction, and finally asset management life - cycle.  Under his direct leadership, 1,356 units of housing or (3,200 beds) were constructed over the last 6 years, exceeding $422M in project value. He is particularly proud of projects such as Hale Mahana in Oahu, HI, and Union on Elizabeth in Fort Collins, CO.