Justin Colby
👤 PersonAppearances Over Time
Podcast Appearances
400 billion and like almost half a trillion data points finding out who's the most highest likelihood homeowner to sell you start to combine all this technology and creating efficiencies bigger just ultimately will always point to not necessarily better in our space there are a few examples that you can say bigger is better for sure But my experience has been stay small and you can keep it all.
400 billion and like almost half a trillion data points finding out who's the most highest likelihood homeowner to sell you start to combine all this technology and creating efficiencies bigger just ultimately will always point to not necessarily better in our space there are a few examples that you can say bigger is better for sure But my experience has been stay small and you can keep it all.
The Grant Cardones of the world, they weren't inherent big real estate moguls, but they surrounded themselves with people who are. So my point to those that do want to scale a business, there's difference between growing a business and scaling a business. Most of you should focus on just starting and growing a business.
The Grant Cardones of the world, they weren't inherent big real estate moguls, but they surrounded themselves with people who are. So my point to those that do want to scale a business, there's difference between growing a business and scaling a business. Most of you should focus on just starting and growing a business.
But if you do want to be the next Grant Cardone or whatever and scale, then you need to make sure you have someone by your side. You need to have experts in the field. Grant is not the financial expert. He is not the real estate expert. He does a very good job surrounding himself with people who are. And he doesn't even have to train those people. So he will pay them handsomely.
But if you do want to be the next Grant Cardone or whatever and scale, then you need to make sure you have someone by your side. You need to have experts in the field. Grant is not the financial expert. He is not the real estate expert. He does a very good job surrounding himself with people who are. And he doesn't even have to train those people. So he will pay them handsomely.
So if you're going to do that, then you have to pay the people handsomely. Again, going back to operational bloat. If you are at that place financially, fine. My argument being is most of you probably aren't. Okay. And so I'm not trying to be negative. I'm just trying to say, be smarter. Why don't you just go get rich? Like real rich. And then you can go buy your own apartments.
So if you're going to do that, then you have to pay the people handsomely. Again, going back to operational bloat. If you are at that place financially, fine. My argument being is most of you probably aren't. Okay. And so I'm not trying to be negative. I'm just trying to say, be smarter. Why don't you just go get rich? Like real rich. And then you can go buy your own apartments.
And so I want you guys to focus on that first. And it comes down to operational efficiencies. Heavily leveraging technology and AI in today's world. I still believe you guys need to have a human component of the sales. You need to be negotiating. You need to be underwriting. I don't suggest to leave up analysis to technology. I know there are people and companies that are trying to make that work.
And so I want you guys to focus on that first. And it comes down to operational efficiencies. Heavily leveraging technology and AI in today's world. I still believe you guys need to have a human component of the sales. You need to be negotiating. You need to be underwriting. I don't suggest to leave up analysis to technology. I know there are people and companies that are trying to make that work.
I don't like it. Um, I do believe you as the owner operator should be operating the business a whole lot longer than you think. I think there's a lot of opera. I know there's a lot of operators out there that just get a little worn out. They're tired of being a solopreneur and they start hiring out the acquisition role or they start hiring out the role of dispositions or whatever.
I don't like it. Um, I do believe you as the owner operator should be operating the business a whole lot longer than you think. I think there's a lot of opera. I know there's a lot of operators out there that just get a little worn out. They're tired of being a solopreneur and they start hiring out the acquisition role or they start hiring out the role of dispositions or whatever.
Those are the two roles that make you the most money specifically in the wholesaling space. Why are you going to use those two roles as the first place to hire? It doesn't make any sense. So you want to really think through some of these. Now, I have a great group. If you guys are newer, I'm not sure if you guys are newer yet. REILive.co. My joke is I couldn't afford the M. REILive.co.
Those are the two roles that make you the most money specifically in the wholesaling space. Why are you going to use those two roles as the first place to hire? It doesn't make any sense. So you want to really think through some of these. Now, I have a great group. If you guys are newer, I'm not sure if you guys are newer yet. REILive.co. My joke is I couldn't afford the M. REILive.co.
And we have calls every day, two, three hours a day, Monday through Friday and Saturdays for the premium side. If you are new and you're trying to figure out how to get a deal, You don't need a coach to sell you on 5, 10, 15, 20, 25, $30,000 of coaching. You need someone who's willing to do the deals with you and get in the trenches with you. That is what REILive.co is. That is what it is about.
And we have calls every day, two, three hours a day, Monday through Friday and Saturdays for the premium side. If you are new and you're trying to figure out how to get a deal, You don't need a coach to sell you on 5, 10, 15, 20, 25, $30,000 of coaching. You need someone who's willing to do the deals with you and get in the trenches with you. That is what REILive.co is. That is what it is about.
Great community of like-minded, aspiring investors trying to break in and grow a real estate investing business. And I am right there by your side, holding your hand, shoulder to shoulder, doing it with you and sharing in the deal 50-50. So if that's something that you're on the newer side of this and that appeals to you, go check out REILive.co.
Great community of like-minded, aspiring investors trying to break in and grow a real estate investing business. And I am right there by your side, holding your hand, shoulder to shoulder, doing it with you and sharing in the deal 50-50. So if that's something that you're on the newer side of this and that appeals to you, go check out REILive.co.
If this was helpful and you think you know people that need to utilize some of these technologies, some of these services, the things I've mentioned as kind of a... Rewind or reminder, I guess, is the best way of saying it. I talked about LeadDetector.io, which is a great software that sits on a website and captures non-opt-in leads. LeadDetector.io.
If this was helpful and you think you know people that need to utilize some of these technologies, some of these services, the things I've mentioned as kind of a... Rewind or reminder, I guess, is the best way of saying it. I talked about LeadDetector.io, which is a great software that sits on a website and captures non-opt-in leads. LeadDetector.io.