Justin Smith - Managing Risk In An Unpredictable Market
Justin Smith has completed over $250 million in Multifamily Construction & Development projects. He has held multiple roles in business development, client relations, and real estate sales. He is passionate about the Multifamily Architecture/Engineering/Construction industry. He is skilled in Constructability, Business Development, Acquisitions, Real Estate Development, and Property & Asset Management. He is proficient at acquisitions and underwriting in the commercial housing space.
Tune in to this episode and discover what Justin has learned about building an empire from the ground up!
[00:01 - 03:34] Opening Segment
- Introducing Justin Smith to the show!
- Justin is the founder of Relequity Enterprises, a private equity and real estate firm
[03:35 - 17:18] Understanding The Process Of Construction And Development
- Lead your children through their passions
- Understand the risk of each stage in the process and have off-ramps if needed
- Taking raw land and finding the highest and best use for it, including:
- Design
- Architecture
- Civil engineering
- Mechanical engineering
- Electrical engineering, and
- Plumbing
- Putting together a capital stack with debt and equity
[17:19 - 27:25] Managing Risk In An Unpredictable Market
- Execution of construction scope, budget, and schedule
- Finding land and procuring buyers or partners
- Deals not breaking ground due to exit strategy not aligning with current expectations
- Managing the risk of interest rates that are out of control
[27:26 - 31:57] Closing Segment
- Justin advises listeners to find land deals or procure capital, managing risk with adjustable interest cap rates!
- See the links below to connect with Justin!
Quotes:
“Lead your children through their passions.” - Justin Smith
“If you have investors and partners, you need to understand that, this is not a selfish business. If you bring in investors, they're their number one. We need to be stewards.” - Justin Smith
Connect with Justin through his Website, LinkedIn, & Twitter!
Connect with me:
Watch 5T CRE on YouTube
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Email us --> abel@5tcre.com
5 TALENTS CAPITAL | ABEL PACHECO
If you are ready to start your investment journey with 5 Talents Capital, here are the next steps you should take:
- View our informational video and case study at https://5talents.capital/grow-your-wealth/
- After viewing the video follow the prompts which will lead you to a scheduling link to meet one on one with Abel Pacheco.
- Register for our investor portal here investor portal once registered you will be able to review some of our past deals and you will receive alerts for upcoming investment opportunities.
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