Justin Colby

They are everywhere. They are on the MLS. That is what it is, is people trying to sell their home. Those people are motivated. They're already actively trying to sell their home. Call the agent. Find a way to negotiate a price that works for you as an investor. From there, you have a free deal. You assign that deal for $2,000, $5,000, $10,000.

They are everywhere. They are on the MLS. That is what it is, is people trying to sell their home. Those people are motivated. They're already actively trying to sell their home. Call the agent. Find a way to negotiate a price that works for you as an investor. From there, you have a free deal. You assign that deal for $2,000, $5,000, $10,000.

You have an infinite return on your investment, which is your time, and you've found the motivated seller.

You have an infinite return on your investment, which is your time, and you've found the motivated seller.

So that's where you create a fund, right? And so you syndicate based around the investment. And there's a lot of different structures. So I don't want to... I'll talk pretty generically. But, you know, there's a fund that you put your money in and that fund typically will give you a preferred return. And some funds take ownership and equity, which would give you the same ownership and equity.

So that's where you create a fund, right? And so you syndicate based around the investment. And there's a lot of different structures. So I don't want to... I'll talk pretty generically. But, you know, there's a fund that you put your money in and that fund typically will give you a preferred return. And some funds take ownership and equity, which would give you the same ownership and equity.

And then some funds are just a debt fund. It really... depends on who set up the fund, what they're doing. But that gives you an opportunity to be in people's world. So Grant Cardone has done this brilliantly, right? There's a lot of people who have done syndications. He's just probably one of the bigger names. And so I have I've owned several different funds.

And then some funds are just a debt fund. It really... depends on who set up the fund, what they're doing. But that gives you an opportunity to be in people's world. So Grant Cardone has done this brilliantly, right? There's a lot of people who have done syndications. He's just probably one of the bigger names. And so I have I've owned several different funds.

I don't do long term syndications currently. I actually would rather almost self-syndicate, meaning, hey, Dan, we have an apartment building in Oklahoma. You want to come in, have ownership, have the tax write-offs, have all the upside, have everything. Let's put you in the operating agreement. You're now an owner with me.

I don't do long term syndications currently. I actually would rather almost self-syndicate, meaning, hey, Dan, we have an apartment building in Oklahoma. You want to come in, have ownership, have the tax write-offs, have all the upside, have everything. Let's put you in the operating agreement. You're now an owner with me.

So currently, I like almost self-syndicating, just one-by-one kind of hand-to-hand combat, if you will. A larger fund syndication brings in, you could have hundreds, if not thousands of people invest into the fund.

So currently, I like almost self-syndicating, just one-by-one kind of hand-to-hand combat, if you will. A larger fund syndication brings in, you could have hundreds, if not thousands of people invest into the fund.

That's right.

That's right.

Teens. If you can get to teens, to high teens, I think that would be a good fund.

Teens. If you can get to teens, to high teens, I think that would be a good fund.

I think that would be a solid fund. I think if, and that's really what you're trying to target is a return on your investment. So if you're going to go into a syndication, most syndications just want to give you a pref on your investment, right?

I think that would be a solid fund. I think if, and that's really what you're trying to target is a return on your investment. So if you're going to go into a syndication, most syndications just want to give you a pref on your investment, right?

And so if you have someone offering somewhere in the teens, total IRR, like you could get into the 20s, especially if it's a debt or equity fund, depends on, again, there's so many of these, I'm going to speak in generalities.

And so if you have someone offering somewhere in the teens, total IRR, like you could get into the 20s, especially if it's a debt or equity fund, depends on, again, there's so many of these, I'm going to speak in generalities.