The Value of Learning-By-Doing, With 1 Unit or 100 with Justin Smith, Ep 19

Journey to Multifamily Millions

Our guest on this episode of the Journey to Multifamily Millions is Justin Smith. He isthe Director of Construction of student housing for a global construction and development firm. He is also the Founder of Relequity Enterprises, a private equity and real estate firm that acquires multifamily properties in the Southeast and midwest markets. He is currently a General Partner on over 600 units.
Justin sheds light on his practical experienced-based educational journey into multifamily investing, describing his lifelong aspiration to build city blocks and how he leverages this construction knowledge in real estate deals.

Episode Topics

● [01:52] How Justin got into real estate from a childhood aspiration to build city blocks.

● [03:24] Shifting from a construction point of view to finance in real estate; learning through action.

● [07:56] How Justin's experiences equipped him to handle the considerations of passive investors.

● [12:41] The role of Justin's construction background and relationships in multifamily real estate.

● [18:10] The importance of understanding the goal or business plan for a property.

● [27:08] A red flag for investors

● [29:09] A myth in this business Justin would like to set straight

● [31:51] Justin defines success as the achievement of his plan and vision over a period of time.

● [33:41] What success looks like to him

● [35:20] Connect with Justin.

Notable Quotes

- "You have to really understand the tangibles, the intangibles, the unspeakable, and then forecast and plan for the eventualities; both positive and negative" - [Justin Smith]

- "These are not just apartment buildings, from our perspective, they are businesses" - [Tim Little]

- "Understanding your strengths will make you a much more successful businessperson" - [Justin Smith]

- "Despite what is going on, despite interest rates…it is still a good time to buy assets" - [Justin Smith]

- "You have to know your exit strategy and set appropriate goals" - [Justin Smith]

- "People who have made a lot of money in investing; they're always investing" - [Tim Little]

Connect with Justin Smith

• Website: www.relequity.com
• Email: [e-mail]
• LinkedIn: Relequity
• Instagram: Relequity

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [e-mail]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497