Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

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

I mean, do you know the number you're spending every month? What do you spend every month on?

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

I mean, do you know the number you're spending every month? What do you spend every month on?

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

Well, you're spending 30 grand a month, roughly, right? 25, 30 grand a month. Yeah. That is the fast button. That's what I tell people. Oh, you want it right now? Then just pay your way there like that. So it's the same equivalent of like Disney World, right? I go to Disney World a ton because I have my kids. I buy the fast pass every time. It is ridiculously expensive. It is $200 a day.

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

Well, you're spending 30 grand a month, roughly, right? 25, 30 grand a month. Yeah. That is the fast button. That's what I tell people. Oh, you want it right now? Then just pay your way there like that. So it's the same equivalent of like Disney World, right? I go to Disney World a ton because I have my kids. I buy the fast pass every time. It is ridiculously expensive. It is $200 a day.

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

Plus you have your normal ticket, which is like $200. So essentially it's $400 for the day, right? Just the tickets. That's not the foods. It's not everything else. Crazy. Then there's another level in Disney World where you can have an actual escort, like a VIP escort that takes you behind the scenes. You're not in the crowds. So last time we went, I paid six grand for that person, 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

Plus you have your normal ticket, which is like $200. So essentially it's $400 for the day, right? Just the tickets. That's not the foods. It's not everything else. Crazy. Then there's another level in Disney World where you can have an actual escort, like a VIP escort that takes you behind the scenes. You're not in the crowds. So last time we went, I paid six grand for that person, 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

Because I'm like, dude, I don't, I want convenience. I want speed. I want now, right? I bring up the analogy to say the same thing you're saying is people need to understand if you want that level of speed of getting your first deal and or getting consistent deal flow, you have to be ready to cut the check.

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

Because I'm like, dude, I don't, I want convenience. I want speed. I want now, right? I bring up the analogy to say the same thing you're saying is people need to understand if you want that level of speed of getting your first deal and or getting consistent deal flow, you have to be ready to cut the check.

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's right. And so that's the challenge that I find most people is they start spending some money. Like I have one of my coaching students that he's made a couple bucks. So he's like, all right, Justin, what do I start spending money on? I'm like, bro, you just got to be ready to spend money. over like a six month run.

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's right. And so that's the challenge that I find most people is they start spending some money. Like I have one of my coaching students that he's made a couple bucks. So he's like, all right, Justin, what do I start spending money on? I'm like, bro, you just got to be ready to spend money. over like a six month run.

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

Like do not get scared on month two or month three that you haven't made money back because you need a sales cycle. You need to bring in the leads, nurture the leads and then convert. And so I tell people all the time that like, if you aren't there to run for six months, don't do it. Put in the sweat equity, 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

Like do not get scared on month two or month three that you haven't made money back because you need a sales cycle. You need to bring in the leads, nurture the leads and then convert. And so I tell people all the time that like, if you aren't there to run for six months, don't do it. Put in the sweat equity, 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

I mean, even something like iSpeeds, their program, like relatively cheap leads for 30 bucks or whatever they are like, fine, do that. Don't go spend 15 grand on TV for one month and freak out and then go, I'm screwed, 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

I mean, even something like iSpeeds, their program, like relatively cheap leads for 30 bucks or whatever they are like, fine, do that. Don't go spend 15 grand on TV for one month and freak out and then go, I'm screwed, 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

Oh, my market. GB Edge. Exactly. Right? That's not the game. So speak to the person that might be growing a little bit. You know, the transition between getting your first handful of deals and then growth, right? So you and I are part of Masterminds Together. Yeah. you know, I'll go and speak on scaling and growing and scaling, but scaling is on the other side of this, 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

Oh, my market. GB Edge. Exactly. Right? That's not the game. So speak to the person that might be growing a little bit. You know, the transition between getting your first handful of deals and then growth, right? So you and I are part of Masterminds Together. Yeah. you know, I'll go and speak on scaling and growing and scaling, but scaling is on the other side of this, 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

You're at the point of scale. Tommy's at that point of scale. Most people, most are either just getting going or potentially growing, right? They've done five, 10, 15 deals. They've made a couple bucks. They have some confidence. Now we need them to grow. Their business needs to grow. Talk to that guy or girl who's trying to grow their business.

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're at the point of scale. Tommy's at that point of scale. Most people, most are either just getting going or potentially growing, right? They've done five, 10, 15 deals. They've made a couple bucks. They have some confidence. Now we need them to grow. Their business needs to grow. Talk to that guy or girl who's trying to grow their business.

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

Yeah. You know, listen, I've done this business for almost two decades, this business. Right. Yeah. And I think there's a lot of people that don't give enough. I don't want to say respect to it, but like credence is a word that comes like you can't measure the stick to me. Sure. Right. I've done it for two decades. That's a long time.

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

Yeah. You know, listen, I've done this business for almost two decades, this business. Right. Yeah. And I think there's a lot of people that don't give enough. I don't want to say respect to it, but like credence is a word that comes like you can't measure the stick to me. Sure. Right. I've done it for two decades. That's a long time.