Justin Colby

Internal rate of return. And so I just think there's, I like the idea of investing in real estate passively for those that aren't day-to-day in the grind or don't want to be, right? The Dan Fleischmans of the world are not going to go out there and comp an apartment that might be a great investment for Dan. No idea. But he's like, Colby, what? Colby, here's some fucking money.

Internal rate of return. And so I just think there's, I like the idea of investing in real estate passively for those that aren't day-to-day in the grind or don't want to be, right? The Dan Fleischmans of the world are not going to go out there and comp an apartment that might be a great investment for Dan. No idea. But he's like, Colby, what? Colby, here's some fucking money.

I don't know what you did here. Because that is the right way to do it. It's just give me a return on my money and I want it protected. So like I own blue chip stock only. You do speech after speech about diversity like investing. But I'm not a stock guy. I love Amazon. I love Tesla. I love Facebook. I throw my money at them because it's safe, it's secure as it can get, and I'm out.

I don't know what you did here. Because that is the right way to do it. It's just give me a return on my money and I want it protected. So like I own blue chip stock only. You do speech after speech about diversity like investing. But I'm not a stock guy. I love Amazon. I love Tesla. I love Facebook. I throw my money at them because it's safe, it's secure as it can get, and I'm out.

I don't look at it, right? Same thing with crypto. We talk a lot about crypto when we're sharing stages. You go deep in that. I love crypto. Love it. I don't day trade it. I just throw money at it and say, let's keep going, guys, right? And so for me, real estate is a lot more of the... I enjoy it. I love the art of it all. But it is never passive. That's another thing I would tell people.

I don't look at it, right? Same thing with crypto. We talk a lot about crypto when we're sharing stages. You go deep in that. I love crypto. Love it. I don't day trade it. I just throw money at it and say, let's keep going, guys, right? And so for me, real estate is a lot more of the... I enjoy it. I love the art of it all. But it is never passive. That's another thing I would tell people.

People are like, oh, I want to get into real estate because it's passive. It isn't until you get to scale where you can be hands off because there's enough revenue coming through the machine that will pay for the property management and overall management of everything. But until you can get to scale and scale is. say minimum 100 doors, none of it is sexy on the way to 100 doors.

People are like, oh, I want to get into real estate because it's passive. It isn't until you get to scale where you can be hands off because there's enough revenue coming through the machine that will pay for the property management and overall management of everything. But until you can get to scale and scale is. say minimum 100 doors, none of it is sexy on the way to 100 doors.

It's just not, right? You will not make as much money. I literally have an apartment right now, 32 doors. That apartment is going to make me roughly $40,000 a year. I'm bald because of this apartment. Not really, but like, it's just a pain in the butt. Like that's not a sexy return. But if you have 20 of those, now we're talking about a nice little day.

It's just not, right? You will not make as much money. I literally have an apartment right now, 32 doors. That apartment is going to make me roughly $40,000 a year. I'm bald because of this apartment. Not really, but like, it's just a pain in the butt. Like that's not a sexy return. But if you have 20 of those, now we're talking about a nice little day.

So I just also want people to understand, like, I think everyone should be, everyone should be in real estate. It should absolutely be some level of diversity within your portfolio. Um, should everyone be actively transacting in it, like wholesaling or fixing flipping? Um, I love it. So I'd say it is something fun to do. The challenge I see is TV is really romanticized fix and flipping.

So I just also want people to understand, like, I think everyone should be, everyone should be in real estate. It should absolutely be some level of diversity within your portfolio. Um, should everyone be actively transacting in it, like wholesaling or fixing flipping? Um, I love it. So I'd say it is something fun to do. The challenge I see is TV is really romanticized fix and flipping.

So many shows. And when you speak to the actual people that you and I know, The numbers aren't totally add up, right? And so you go, there's a lot more loss in the world than there is profits. So I'd really rather people like the Burr model is probably my favorite to suggest for a newer person. What's that? Buy it, you rehab it, you rent it or you buy it, renovate it, rent it and refinance.

So many shows. And when you speak to the actual people that you and I know, The numbers aren't totally add up, right? And so you go, there's a lot more loss in the world than there is profits. So I'd really rather people like the Burr model is probably my favorite to suggest for a newer person. What's that? Buy it, you rehab it, you rent it or you buy it, renovate it, rent it and refinance.

I love that model. Because then you are effectively kind of doing that whole ecosystem of the sexy part and you're buying it and rehabbing it. But then you're asking for a bank to take your money back out. Usually the bank will give you 75% of that number. So you want to be all in for about 75%, maybe 80% if you have the right bank. You can own an asset for no money in.

I love that model. Because then you are effectively kind of doing that whole ecosystem of the sexy part and you're buying it and rehabbing it. But then you're asking for a bank to take your money back out. Usually the bank will give you 75% of that number. So you want to be all in for about 75%, maybe 80% if you have the right bank. You can own an asset for no money in.

So talk about a brilliant way to invest. I'm going to make an initial investment within six to nine months. I'll have 100% of my investment back. I might only be making $200 a month, which will not change anyone's life, but it's an infinite return because there's no money in the deal anymore. That is a model I really can lean into when talking to like newer individuals.

So talk about a brilliant way to invest. I'm going to make an initial investment within six to nine months. I'll have 100% of my investment back. I might only be making $200 a month, which will not change anyone's life, but it's an infinite return because there's no money in the deal anymore. That is a model I really can lean into when talking to like newer individuals.

That's right. And then you'll have a family that wants a nice home in a nice area.

That's right. And then you'll have a family that wants a nice home in a nice area.