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Justin Colby

đŸ‘€ Speaker
See mentions of this person in podcasts
5315 total appearances

Appearances Over Time

Podcast Appearances

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Starting the business at 23 years old, he was a property appraiser and now has built a multiple seven-figure-a-year transactional real estate business and owns over $20 million in assets. Tommy Haar is here. What is up, dude?

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Starting the business at 23 years old, he was a property appraiser and now has built a multiple seven-figure-a-year transactional real estate business and owns over $20 million in assets. Tommy Haar is here. What is up, dude?

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

You quickly became one of my favorite people. And so I was very excited to do this. And part of it is just, you know, I'm firmly believing in your network, you know, the saying of network and net worth. But like, really, I make more money by creating real true friendships, by real connections, right? Not by spending money on ads.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

You quickly became one of my favorite people. And so I was very excited to do this. And part of it is just, you know, I'm firmly believing in your network, you know, the saying of network and net worth. But like, really, I make more money by creating real true friendships, by real connections, right? Not by spending money on ads.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

And so immediately, we connected in Orlando, we just basically hung out the whole time we were in a, you know, suite, the basketball game, just talking about real estate. And I was just so impressed. I'm 43. So I have a lot of years on you. But to be able to be where you're at at 30. Um, was so impressive that we just talked about this episode and we said, we got to have you on and teach.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

And so immediately, we connected in Orlando, we just basically hung out the whole time we were in a, you know, suite, the basketball game, just talking about real estate. And I was just so impressed. I'm 43. So I have a lot of years on you. But to be able to be where you're at at 30. Um, was so impressive that we just talked about this episode and we said, we got to have you on and teach.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

By the way, this is absolutely for people over 30. Uh, but I would also say if you are under 30, I want this to inspire you to know what is real. And then if you're over 30, I want this to be like one of those. Okay, if this guy can do this, you know, it's about time to kick my ass in gear. So you quit your job, you went all in, you did your first fix and flip and lost six figures.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

By the way, this is absolutely for people over 30. Uh, but I would also say if you are under 30, I want this to inspire you to know what is real. And then if you're over 30, I want this to be like one of those. Okay, if this guy can do this, you know, it's about time to kick my ass in gear. So you quit your job, you went all in, you did your first fix and flip and lost six figures.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Let's start there because I think most people are terrified to even get going. I don't think I know most people are terrified to even get going in this space. for the exact example that you're about to give. You got into the business. You said, hey, uncle, let's go flip a home together. Let's do this. It'll be our first. We're going to win, get rich. And you lost six figures, right?

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Let's start there because I think most people are terrified to even get going. I don't think I know most people are terrified to even get going in this space. for the exact example that you're about to give. You got into the business. You said, hey, uncle, let's go flip a home together. Let's do this. It'll be our first. We're going to win, get rich. And you lost six figures, right?

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

That is why people don't do it. And then what I want to leave here with everybody is understanding Tommy's still in the game. Tommy's making multiple seven figures a year. He has 20 million in assets after that loss. So let's start with that loss.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

That is why people don't do it. And then what I want to leave here with everybody is understanding Tommy's still in the game. Tommy's making multiple seven figures a year. He has 20 million in assets after that loss. So let's start with that loss.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Contractors forever will be the name of my existence. It doesn't matter how many years I do this. There's always something that pops up. You're like, I cannot believe this is happening. Right. Yeah. And that's why I really encourage people. I'm not like a wholesaling coach. That's not who I am per se, but I do believe to minimize your risk. wholesaling is the best way to get some money flowing.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Contractors forever will be the name of my existence. It doesn't matter how many years I do this. There's always something that pops up. You're like, I cannot believe this is happening. Right. Yeah. And that's why I really encourage people. I'm not like a wholesaling coach. That's not who I am per se, but I do believe to minimize your risk. wholesaling is the best way to get some money flowing.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Would you agree? You know, listen, I'm, I've done thousands and thousands of transactions. I've done thousands of wholesales, fix and flips, and I've done a lot of buy and holds, you know, given the place that you're at right now, what is most of your business made up of? And then why? Cause I know like me again, dude, I'm so impressed with you.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Would you agree? You know, listen, I'm, I've done thousands and thousands of transactions. I've done thousands of wholesales, fix and flips, and I've done a lot of buy and holds, you know, given the place that you're at right now, what is most of your business made up of? And then why? Cause I know like me again, dude, I'm so impressed with you.

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

This is why you're one of my favorite people so fast is because you are essentially me 13 years ago, but you've done it at 30 instead of being 43. Right. You're wholesaling a fix and flipping or buying and holding. Talk about that. Talk about what you're currently doing. Like, what does it look like right now? And then why? Why do you wholesale? Why do you fix and flip? Why do you buy and hold?

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

This is why you're one of my favorite people so fast is because you are essentially me 13 years ago, but you've done it at 30 instead of being 43. Right. You're wholesaling a fix and flipping or buying and holding. Talk about that. Talk about what you're currently doing. Like, what does it look like right now? And then why? Why do you wholesale? Why do you fix and flip? Why do you buy and hold?

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Why do you make those decisions?

The Science of Flipping
Lost $100K on His First Flip—Now He Closes 30 Deals a Month and Owns a $20M Portfolio | Tommy Harr

Why do you make those decisions?