Inside the Mind of a Developer: How Deals Are Really Evaluated | Ep 70 Path of Progress

In this episode of Path of Progress, Alex Kononov sits down with Justin Goodin — a real estate developer who made the jump from analyzing deals at a bank to building multimillion-dollar projects from the ground up.After years of underwriting multifamily deals, Justin noticed a pattern: most of them didn’t actually make sense.Instead of forcing bad acquisitions, he pivoted.Today, he’s developing $30M+ multifamily and mixed-use projects—and sharing exactly how those deals are structured, where the real risks are, and why development may offer better opportunities in today’s market.This conversation goes beyond surface-level advice. You’ll learn how developers think, how risk is actually managed in construction, and what separates smart operators from the rest.If you're serious about real estate—or trying to understand where the market is heading—this episode is a must-watch.📌 Key Takeaways:✅ Why most multifamily deals stopped penciling✅ The real difference between value-add and development✅ How Justin went from underwriting to building $30M+ projects✅ What a Guaranteed Maximum Price (GMP) contract actually does✅ How developers reduce risk in construction deals✅ Why location and supply constraints matter more than ever✅ How future rents are projected in development✅ The biggest mistakes new investors make✅ Why “who you invest with” matters more than strategy✅ The mindset shift required to scale in real estate📚 Book Recommendation:– Financial Freedom with Real Estate Investing by Michael Blank🌐 Connect with Justin Goodin:🌍 Website → https://goodindevelopment.com/💼 LinkedIn → https://www.linkedin.com/in/justingoodin/📘 Facebook → https://www.facebook.com/justin.goodin.16📺 YouTube → https://www.youtube.com/@JustinGoodin📸 Instagram → https://www.instagram.com/justin.goodin/🐦 X (Twitter) → https://x.com/JustinGoodin_🎧 Listen & Watch the Full Episode:📺 YouTube → https://youtu.be/W-BYep-AFDY🎧 Spotify🎧 Apple Podcasts → https://podcasts.apple.com/us/podcast/path-of-progress/id1782550599🙌 Stay Connected📲 Follow us:Facebook: https://www.facebook.com/pathofproInstagram: https://www.instagram.com/pathofproLinkedIn: https://www.linkedin.com/in/pathofpro/X (Twitter): https://x.com/pathofproYouTube: https://www.youtube.com/@pathofproTikTok: https://www.tiktok.com/@pathofpro#PathOfProgress #JustinGoodin #AlexKononov #RealEstateDevelopment #MultifamilyInvesting #GroundUpDevelopment #CommercialRealEstate #PassiveIncome #RealEstateInvesting #CRE #DevelopmentDeals #InvestorMindset #CapitalRaising #BuildToSell #DealAnalysis #RealEstateStrategy #Entrepreneurship #WealthBuilding #FinancialFreedom