Justin Colby
π€ SpeakerAppearances Over Time
Podcast Appearances
Yeah. Well, and because I think we're all going to the same place, which is. You being able to create equity in your home is going to be a really good asset for you. I say it one way, and I'm curious to hear your perspective, but I do want to use your term and have people dive into it, right, is to be able to.
Yeah. Well, and because I think we're all going to the same place, which is. You being able to create equity in your home is going to be a really good asset for you. I say it one way, and I'm curious to hear your perspective, but I do want to use your term and have people dive into it, right, is to be able to.
reduce your debt right i really believe people need to understand how to i've been talking a lot about something which might play into this okay i've been talking about there's four reasons why real estate is the only in the best it is the only play anyone who really gives a shit about making real money and creating real wealth and here's why it can create you a seven year seven figure year income true income active income you can absolutely create a seven figure year income
reduce your debt right i really believe people need to understand how to i've been talking a lot about something which might play into this okay i've been talking about there's four reasons why real estate is the only in the best it is the only play anyone who really gives a shit about making real money and creating real wealth and here's why it can create you a seven year seven figure year income true income active income you can absolutely create a seven figure year income
it can create a, you know, DECA seven-figure wealth accumulation.
it can create a, you know, DECA seven-figure wealth accumulation.
It can allow you to keep more because you don't have to pay the IRS anymore.
It can allow you to keep more because you don't have to pay the IRS anymore.
And the fourth is what I really believe because I've been around long enough and so have you. It's a downside risk vehicle.
And the fourth is what I really believe because I've been around long enough and so have you. It's a downside risk vehicle.
And what I mean by that is if you do this right, And you actually buy these homes to have or apartments or whatever. Right. When going gets tough, we all know it gets tough. You have assets and those assets can save your ass with the equity you have in them.
And what I mean by that is if you do this right, And you actually buy these homes to have or apartments or whatever. Right. When going gets tough, we all know it gets tough. You have assets and those assets can save your ass with the equity you have in them.
It could be pulled out as income in case you lose your job and you have no income, by the way, tax free. It could be used to lean against other debtors, right? You can go to a bank and ask for a bigger lien and they'll lien your equity.
It could be pulled out as income in case you lose your job and you have no income, by the way, tax free. It could be used to lean against other debtors, right? You can go to a bank and ask for a bigger lien and they'll lien your equity.
It could be used for private liens where you say, hey, buddy, I need 50 grand. I'll get it back to you in 30 days. But just because I want to make you feel safe, I'll lien. Yeah. It is a downside risk net that I don't think enough people talk about the value of real estate in this way.
It could be used for private liens where you say, hey, buddy, I need 50 grand. I'll get it back to you in 30 days. But just because I want to make you feel safe, I'll lien. Yeah. It is a downside risk net that I don't think enough people talk about the value of real estate in this way.
And I'm really trying to bring this to light to say, hey, if you want to grow, most businesses need points of leverage. If you are going through a hard time, these are applicable opportunities. that you can quite literally say, great, you lost your job. Well, you have 10 rentals. You have $400,000 in these rentals. A bank will lend you $125,000, $150,000 against your equity. And it's tax-free.
And I'm really trying to bring this to light to say, hey, if you want to grow, most businesses need points of leverage. If you are going through a hard time, these are applicable opportunities. that you can quite literally say, great, you lost your job. Well, you have 10 rentals. You have $400,000 in these rentals. A bank will lend you $125,000, $150,000 against your equity. And it's tax-free.
Restart. Borrow the money. The rents are going to coverage the extra debt. Borrow the money. Put yourself on solid ground. Don't start living on credit cards. Don't start putting yourself into more debt. Put yourself on solid ground and reframe, rebuild your life. And I don't mean to take the episode, but... It leans into what you're talking about and why I'm such a big believer.
Restart. Borrow the money. The rents are going to coverage the extra debt. Borrow the money. Put yourself on solid ground. Don't start living on credit cards. Don't start putting yourself into more debt. Put yourself on solid ground and reframe, rebuild your life. And I don't mean to take the episode, but... It leans into what you're talking about and why I'm such a big believer.