Show notes
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 SegmentIntroducing 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 DevelopmentLead your children through their passionsUnderstand the risk of each stage in the process and have off-ramps if neededTaking raw land and finding the highest and best use for it, including:DesignArchitectureCivil engineeringMechanical engineeringElectrical engineering, andPlumbingPutting together a capital stack with debt and equity[17:19 - 27:25] Managing Risk In An Unpredictable MarketExecution of construction scope, budget, and scheduleFinding land and procuring buyers or partnersDeals not breaking ground due to exit strategy not aligning with current expectationsManaging the risk of interest rates that are out of control[27:26 - 31:57] Closing SegmentJustin 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 SmithConnect with Justin through his Website, LinkedIn, & Twitter!Connect with me:www.5talents.capitalLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> [email protected] 5 TALENTS CAPITAL | ABEL PACHECOIf 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.Support the Show.