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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

And then I would kind of call him out on the call and be like, hey, bro, did you make the calls? And oh, yeah, man. He hits me up today. He's like, bro, I've actually got two deals in escrow with buyers, non-refundable earnest money. And I called him personally, right? He's not a one-on-one coach. I don't usually do that.

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 then I would kind of call him out on the call and be like, hey, bro, did you make the calls? And oh, yeah, man. He hits me up today. He's like, bro, I've actually got two deals in escrow with buyers, non-refundable earnest money. And I called him personally, right? He's not a one-on-one coach. I don't usually do that.

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 if you came in and said, Tom, you know, if we had a one-on-one, I'd call you personally. Yeah. I call it because I just wanted him to understand the value that he created for himself was the proof that he could do it if he just kept going. Right. If he just kept doing the thing. 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 if you came in and said, Tom, you know, if we had a one-on-one, I'd call you personally. Yeah. I call it because I just wanted him to understand the value that he created for himself was the proof that he could do it if he just kept going. Right. If he just kept doing the thing. 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

And so it's just it's really impactful for people to realize you got to hire a coach and then keep doing what they're advising. And listen, there's plenty of bad coaches out there. So I don't know what to say about that. But.

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 it's just it's really impactful for people to realize you got to hire a coach and then keep doing what they're advising. And listen, there's plenty of bad coaches out there. So I don't know what to say about that. But.

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

If the coach is reputable and has been there before and you can look at their resume and say, okay, this guy or girl has done what I'm trying to do, then listen to them and act on it. Because I hired a coach this year because same thing I told you. In businesses, I have four different verticals I'm running right now. I'm at the peak of all of them.

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

If the coach is reputable and has been there before and you can look at their resume and say, okay, this guy or girl has done what I'm trying to do, then listen to them and act on it. Because I hired a coach this year because same thing I told you. In businesses, I have four different verticals I'm running right now. I'm at the peak of all of them.

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'm like, I need someone to help me operationally and understand how to build a business higher. I heard The Rock say, when you reach to the top of the mountain, build more mountain. Right. Like, and I thought that was brilliant. Right. Yeah. Is yeah. Well now this new mountain, I have to continue to climb. I don't know it.

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'm like, I need someone to help me operationally and understand how to build a business higher. I heard The Rock say, when you reach to the top of the mountain, build more mountain. Right. Like, and I thought that was brilliant. Right. Yeah. Is yeah. Well now this new mountain, I have to continue to climb. I don't know it.

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

So it's, it's an easy investment to say, Hey dude, I need to bring you on to help me get there.

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

So it's, it's an easy investment to say, Hey dude, I need to bring you on to help me get there.

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

Do people need to be buying rentals now or first or should they be focusing on just the transactional side?

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

Do people need to be buying rentals now or first or should they be focusing on just the transactional side?

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're exactly right. I think, you know, my biggest mistake I've ever made, and I say this all the time from stages, it wasn't the seven figures I lost on a development. It wasn't the seven figures I lost on apartments and things of that nature. My biggest mistake wasn't buying rentals or portfolio properties sooner. I'm not talking about at scale. I'm not talking about the apartments.

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're exactly right. I think, you know, my biggest mistake I've ever made, and I say this all the time from stages, it wasn't the seven figures I lost on a development. It wasn't the seven figures I lost on apartments and things of that nature. My biggest mistake wasn't buying rentals or portfolio properties sooner. I'm not talking about at scale. I'm not talking about the apartments.

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'm not talking about one a month. I'm talking about like one a year, right? Like just something. Yeah. Because then you can start to build equity. And you talked about repositioning debt. If I were to buy one a year 18 years ago and never sped that up one a year, I would have 18 homes.

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'm not talking about one a month. I'm talking about like one a year, right? Like just something. Yeah. Because then you can start to build equity. And you talked about repositioning debt. If I were to buy one a year 18 years ago and never sped that up one a year, I would have 18 homes.

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

A handful of those homes probably would be owned free and clear because I would have gotten like 15-year mortgages on them. Sure. Many of them would have...

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

A handful of those homes probably would be owned free and clear because I would have gotten like 15-year mortgages on them. Sure. Many of them would have...