Justin Colby

So currently, I like almost self-syndicating, just one-by-one kind of hand-to-hand combat, if you will. A larger fund syndication brings in, you could have hundreds, if not thousands of people invest into the fund.

So currently, I like almost self-syndicating, just one-by-one kind of hand-to-hand combat, if you will. A larger fund syndication brings in, you could have hundreds, if not thousands of people invest into the fund.

That's right.

That's right.

Teens. If you can get to teens, to high teens, I think that would be a good fund.

Teens. If you can get to teens, to high teens, I think that would be a good fund.

I think that would be a solid fund. I think if, and that's really what you're trying to target is a return on your investment. So if you're going to go into a syndication, most syndications just want to give you a pref on your investment, right?

I think that would be a solid fund. I think if, and that's really what you're trying to target is a return on your investment. So if you're going to go into a syndication, most syndications just want to give you a pref on your investment, right?

And so if you have someone offering somewhere in the teens, total IRR, like you could get into the 20s, especially if it's a debt or equity fund, depends on, again, there's so many of these, I'm going to speak in generalities.

And so if you have someone offering somewhere in the teens, total IRR, like you could get into the 20s, especially if it's a debt or equity fund, depends on, again, there's so many of these, I'm going to speak in generalities.

Internal rate of return. And so I just think there's, I like the idea of investing in real estate passively for those that aren't day-to-day in the grind or don't want to be, right? The Dan Fleischmans of the world are not going to go out there and comp an apartment that might be a great investment for Dan. No idea. But he's like, Colby, what? Colby, here's some fucking money.

Internal rate of return. And so I just think there's, I like the idea of investing in real estate passively for those that aren't day-to-day in the grind or don't want to be, right? The Dan Fleischmans of the world are not going to go out there and comp an apartment that might be a great investment for Dan. No idea. But he's like, Colby, what? Colby, here's some fucking money.

I don't know what you did here. Because that is the right way to do it. It's just give me a return on my money and I want it protected. So like I own blue chip stock only. You do speech after speech about diversity like investing. But I'm not a stock guy. I love Amazon. I love Tesla. I love Facebook. I throw my money at them because it's safe, it's secure as it can get, and I'm out.

I don't know what you did here. Because that is the right way to do it. It's just give me a return on my money and I want it protected. So like I own blue chip stock only. You do speech after speech about diversity like investing. But I'm not a stock guy. I love Amazon. I love Tesla. I love Facebook. I throw my money at them because it's safe, it's secure as it can get, and I'm out.

I don't look at it, right? Same thing with crypto. We talk a lot about crypto when we're sharing stages. You go deep in that. I love crypto. Love it. I don't day trade it. I just throw money at it and say, let's keep going, guys, right? And so for me, real estate is a lot more of the... I enjoy it. I love the art of it all. But it is never passive. That's another thing I would tell people.

I don't look at it, right? Same thing with crypto. We talk a lot about crypto when we're sharing stages. You go deep in that. I love crypto. Love it. I don't day trade it. I just throw money at it and say, let's keep going, guys, right? And so for me, real estate is a lot more of the... I enjoy it. I love the art of it all. But it is never passive. That's another thing I would tell people.

People are like, oh, I want to get into real estate because it's passive. It isn't until you get to scale where you can be hands off because there's enough revenue coming through the machine that will pay for the property management and overall management of everything. But until you can get to scale and scale is. say minimum 100 doors, none of it is sexy on the way to 100 doors.

People are like, oh, I want to get into real estate because it's passive. It isn't until you get to scale where you can be hands off because there's enough revenue coming through the machine that will pay for the property management and overall management of everything. But until you can get to scale and scale is. say minimum 100 doors, none of it is sexy on the way to 100 doors.

It's just not, right? You will not make as much money. I literally have an apartment right now, 32 doors. That apartment is going to make me roughly $40,000 a year. I'm bald because of this apartment. Not really, but like, it's just a pain in the butt. Like that's not a sexy return. But if you have 20 of those, now we're talking about a nice little day.

It's just not, right? You will not make as much money. I literally have an apartment right now, 32 doors. That apartment is going to make me roughly $40,000 a year. I'm bald because of this apartment. Not really, but like, it's just a pain in the butt. Like that's not a sexy return. But if you have 20 of those, now we're talking about a nice little day.