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The Dirty Truth about Multifamily Construction with Justin Smith

Some little kids enjoy playing with diggers, bulldozers, and backhoes, but for Justin Smith it was a passion. As a boy, he knew he wanted to be a builder when he saw an acre of land transform into a developed community of row homes. The life-sized “Tonka” trucks and people in hard hats had him hooked and he set out to learn more about a career in construction. He started with developing smaller multifamily properties before moving on to larger apartments. Now, he has completed over $250 million in apartment projects and gives the dirty truth about multifamily construction.


Justin is the founding principal of Relequity, helping other commercial real estate professionals get real equity in projects. He partners with architects, engineers, and construction professionals to invest in multifamily apartments. With his background in construction, he focuses on the development and construction aspects of the business.


Justin shares the key process to manage construction projects from ground-up developments to renovating existing properties. He lists out three items that are critical to managing any project: scope, budget, and schedule. Justin points out key areas to monitor when managing construction and getting the most out of any deal. He also shares why he created Relequity and how he’s supporting others.


Listen Here:


Partner: Text: “EQRP” to 72000 and receive a special eQRP report on taking control of your retirement money


Key Insights on Managing Construction and Getting Real Equity

Ensure your scope, budget and schedule are incorporated into your development contract


Partner: Download our Sample Deal Package


Bullseye Round:


Apparent Failure: I acquired vacant land that I thought I could build 30 units on, but the city council only allowed 22. I learned how to work with government agencies.


Digital Resource:



Daily Habit:

Walking outside every morning.


Current Curiosity:

The financial and lending environments


Wish I Knew When I Was Starting Out:

Start faster, scale bigger.


Best Place to Grab a Bite in Oakland, CA:

Le Cheval


Get in Touch with Justin:

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