Too many smart investors miss out on real estate investing because they don't want to deal with the hassles of being a landlord. 

They often hesitate because:
> They don’t have the time or patience to manage properties.
> They don’t want the stress of dealing with tenants, toilets, or termites.
> They’re unsure how to find profitable, low-risk opportunities.

What if I told you there was a way to receive all the benefits of real estate, without any hassles (or stress) of being a landlord?

At Goodin Development, we make real estate investing simple. We provide fully managed group investments. 

You'll invest in luxury apartments with us and share in the profits, so you can:

- Generate smart passive income
- Diversify beyond the stock market
- Get tax advantages to keep money in your pocket
- Avoid the frustrations of DIY-ing everything
- Spend your time where it matters most, not on managing your investments

We build new apartments from the ground up in Indiana and give busy professionals the opportunity to invest alongside us. 

Our team handles everything! We make it a truly hands off investment for our investors.  

𝗛𝗼𝘄 𝗜 𝗖𝗮𝗻 𝗛𝗲𝗹𝗽 𝗬𝗼𝘂 👇
Do you have a busy career and a family to support? Do you want all the benefits of owning real estate, but don't want to be a landlord? 

We help busy professionals earn passive income through real estate. Check out GoodinDevelopment.com for more info.

𝗟𝗲𝗮𝗿𝗻 𝗛𝗼𝘄 👇
Take our FREE 7-day passive real estate investing 101 email course. 
Go to GoodinDevelopment.com/course

Justin Goodin

Approaching the 50% complete milestone soon!

I'm really proud of the progress our team has made so far. 

The Elwood in Kokomo, Indiana, will be the city’s premier place to live.

Although, we can't celebrate just yet! We still have MANY important milestones to accomplish. 

What do you think of the progress so far?

CPM Construction Planning and Management, Inc.

Stress free real estate investing for busy professionals who don’t want to be landlords | Indiana Focused Developer with $58M+ Projects Built

Real estate syndications require $50,000 to invest. 

Here's what to expect after 👇 

After you send your wire, and sign a few legal documents, your spot is locked in. 

// Here's what happens next:

1. Progress updates – monthly
2. Cash flow distributions (after stabilization) – quarterly
3. Financial reports – quarterly
4. Schedule K-1 – annually

// Typical Timeline:
Construction: 14 - 18 months
Stabilization: 6 - 12 months
Sale: 3 - 5 years total

District South, in Fishers, Indiana started construction in February 2024 👇

76 families partnered with us to build this project. 

This week, we sent out our FIRST cash distribution to our investors, marking another major milestone for all partners in this project. 👏 

If you want to get notified of future investment opportunities from us, apply to join our investor club on our website.

Apartments are no longer about building boring boxes

People want a modern place to call home. 

That means not skimping out on interior finishes and amenities. 

Each unit inside our latest project, The Elwood, will have:

• Quartz countertops
• Stainless steel appliances
• Private balcony or patio 
• Smart locks & thermostats
• Full size washer & dryer
• Tile backsplash 
• Modern black windows

Amenities include: 

• Luxury rooftop patio
• Pet spa
• Bike room
• Fitness center
• EV charging stations
• Outdoor grill & fire pit area
• Indoor/outdoor cafe 
• Game area
• Work-from-home area
• Plaza area in front of retail space

The Elwood will be the premier place to live within the city and we are proud to be apart of this transformational community!

Most syndicators won’t touch construction

1 year of planning 
2 years of construction 
1 more year to lease up 

It's too complex.
It takes too long. 
It has too many moving parts.

This is exactly what I love about development: 
LESS competition 

Not many companies are willing to put in a huge amount of work upfront and wait years for the real upside...

This is where you find the real opportunity 💪

I had a call with a potential investor who thought preferred return = cash on cash return

I had to explain these are not the same thing...

7% preferred return DOES NOT mean you receive 7% annually.

The preferred return alludes to the precedence of limited partners receiving a specified return, BEFORE the general partners share in the profits.

A preferred return (Pref) is not a guarantee or claim that you will get X% in any given year.

How much (or how little) the project cash flows, will determine what you receive on a quarterly basis.

Pref and cash flow distributions are 2 completely different things. 

Did you know this before reading?

When I first started investing in real estate, I assumed the best opportunities had to be in the “hottest” markets.

The ones everyone talks about. 
The ones making the headlines.

Like Florida, Texas, or Arizona.

Boy, was I wrong.

After underwriting deals across multiple states and spending years investing here at home, one thing became clear:
Indiana quietly does a lot of things right.

And for passive investors, especially those who care about stability, predictability, and long-term wealth, that matters more than hype.

Let’s walk through why Indiana deserves serious consideration.

View newsletter: Passive Real Estate Investing

When I first started investing in real estate, I assumed the best opportunities had to be in the “hottest” markets. The ones everyone talks about. The

Open article: Why Indiana Is One of the Best States for Passive Real Estate Syndication Investors by Justin Goodin • 5 min read

Why Indiana Is One of the Best States for Passive Real Estate Syndication Investors

Raising capital is never easy.
And it’s never something I take for granted.

Every commitment an investor makes is built on trust.

That trust is earned over time, through transparency, communication, and execution.

All investing involves risk.

But when you choose
• the right operators
• the right deals
• and the right markets

that risk is significantly reduced.

One thing I appreciate about Invest Clearly is the transparency it brings to our industry.

It’s a place where investors can read real, VERIFIED reviews from people who actually invested with a company.

I'm grateful for my investors who took the time to leave feedback and look forward to growing on this platform! Check out Invest Clearly if you haven't already.

Goodin Development Reviews

We are getting our first Ritz-Carlton Hotel in Indianapolis!

What’s coming:

• 15-story luxury hotel
• 170 rooms
• 11,500 SF of ballroom & meeting space
• Spa, fitness center, upscale restaurant, private lounge
• Outdoor terrace

The hotel is expected to open early 2028.

It's always great to see more investment coming into Indianapolis. 

Do you think this will be a great addition to downtown?

I almost quit
(on more than one occasion)

I was putting in a ton of work and still felt like NOTHING was working for me with real estate.

There were many years in my life where I was working full time AND going to college full time. 

My calendar was packed. My energy was drained. 

I barely had time to do anything fun, let alone slow down and enjoy life. Every week felt like survival mode.

At the same time, I was trying to build something better.

- I was looking for multifamily deals.
- Learning the process.
- Trying to understand how this business actually worked.

Every spare minute went to YouTube, podcasts, and books.

Early mornings. Late nights. Lunch breaks with headphones in. 

But I never saw any progress...

It felt like I was WASTING time.
❌ So I almost quit many times. 
❌ Almost went back to house flipping. 
❌ Almost switched to just buying businesses. 
❌ Almost switched to buying storage facilities. 

But I was wrong. 

✅ In reality, progress was happening slowly over time. 

Day by day it didn’t look like much. 
Week by week it felt invisible.
But month by month and year by year, you make progress. 

Most people quit right before their big breakthrough!

If you feel like you're stuck in a rut right now and not making any progress...this is your sign to keep going! 🚀

Returns work different in a typical development deal:

When you invest in ground-up construction, there’s no cash flow for the first year or so. 

Because the project isn’t stabilized yet.

So how do investors get paid?

Let’s break it down:

• Preferred Return:
> This is your “priority” return before the sponsor makes a dime.
> It accrues during construction.

• Return of Capital:
> Once the project sells, your principal is returned back to you.

• Profit Split:
> After your preferred return and capital is paid, the profits get split.
> Usually 70% to investors / 30% to the sponsor.

Example:
• You invest $50,000.
• No cash flow year 1.
• Small distribution year 2 as things stabilize.
• Pref is caught up at sale.
• Return of capital ($50k).
• Profits are split in year 3 at sale.

You end up receiving $85,782 when it's all said and done.

That’s a 1.72x equity multiple (you turned $50K into $85,782)

Which equals a 20% IRR over 3 years.

This is typically how most syndication returns are structured for a ground-up deal, but the numbers are just for an example.

Drop any questions below.

Family Office Advisor & Board Director | Strategic Risk & Real Estate Investment Due Diligence Advisor | Commercial Underwriting Expert | Multifamily Investor | Best Selling Author

I grew up behind the Iron Curtain dreaming of the life I would someday build if only I could reach America. When I finally arrived, I stepped into a world of possibility and responsibility.

I built a high-performance corporate career in commercial lending and risk management, managing a credit portfolio of $1BN+. Over time, I realized that lasting success comes from protecting the downside, diversifying income streams, and making decisions grounded in disciplined risk.

Today, I advise family offices, founder-led enterprises, and investors on strategic risk, governance, and investment due diligence - helping them safeguard capital, strengthen decision-making, and support multi-generational continuity.


How I Serve:

1. Family Office & Enterprise Advisory

I work with principals, founders, and next-gen leaders on:
• Governance & board structures
• Strategic risk frameworks
• Investment and manager due diligence
• Multi-generational continuity and decision support
• Enterprise and capital allocation strategies

My goal is to enhance clarity, reduce risk, and enable confident long-term planning.

2. Strategic Risk & Investment Due Diligence

Leveraging my lending and underwriting background, I evaluate:
• Direct investments
• Real estate opportunities
• Private credit and private equity
• Operating businesses
• Complex capital structures

Real estate is my technical edge, but disciplined risk is my core lens.

3. Multifamily Underwriting Education & Consulting

I teach investors a proven five-step methodology to evaluate multifamily deals with clarity and avoid costly mistakes. To learn more, visit: www.MasteringMultifamilyUnderwriting.com

4. Independent Passive Investor Support

I help passive investors navigate offering documents, capital calls, deal structures, and pro forma analysis so they can make informed investment decisions. I share extensive educational resources on these topics because I believe an educated investor is an empowered investor. To learn more, visit: www.dbacapitalgroup.com  


Grounded in risk management, underwriting expertise, and multi-disciplinary experience, my mission is simple:

Protect the downside. Grow your wealth. Build wisely across generations.

Vessi Kapoulian

Let me know what you think:


- Would an Ask Me Anything Live Call on apartment underwriting and passive investing due diligence be helpful to you?
- If yes, how frequently would you like it to be: weekly, bi-weekly, monthly, quarterly?
- What burning questions or topics you'd like covered?
- What is the optimal day or time (if you have a strong preference for one)?

Share in the comments below!

Some of the most consequential decisions families make never show up on a balance sheet.

They show up years later - during a transition, a liquidity event, a market shock, or a moment when alignment matters most.

After working closely with business-owning families and long-term investors, one insight has consistently stood out:

Behind every family office is a family enterprise.

And behind every family enterprise is a set of decisions that quietly determine whether the family thrives across generations or struggles through change.

That insight is what led me to create Family Enterprise Brief.

This is not a market commentary or a deal-driven publication. It is a concise, practical briefing for families thinking seriously about governance, risk, continuity, and next-generation readiness in an increasingly complex world.

Each edition is designed to be a five-minute read focused on:
- Governance and transition
- Risk management and resilience
- Preparing the next generation with clarity and responsibility
- Lessons from families who navigated complexity well - and those who did not
- Macro and global forces shaping long-term decision-making

Alongside the newsletter, Family Enterprise Perspectives (on You Tube) extends these conversations through deeper reflections and discussion.

These two platforms reflect the advisory work I do behind the scenes and my commitment to helping families build durable enterprises that last for generations.

If you are a founder, family office member, next-gen leader, or a family thinking beyond the next transaction and toward building something that endures, this conversation may resonate.

👉 Subscribe to Family Enterprise Brief and Family Enterprise Perspectives for weekly insights on stewardship, governance, and long-term decision-making.

Protect the downside. Grow your wealth. Build wisely across generations.

For some time, I have felt a growing pull toward a deeper conversation, one that goes far beyond underwriting, cap rates, and real estate education. A

Open article: Why I Started The Family Enterprise Brief by Vessi Kapoulian • 3 min read

Why I Started The Family Enterprise Brief

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