Justin Colby

I think it was like a 20 million dollar raise we were going to have to do if we wanted to do it. But oh, my God, it is just it prints money after that. And it's all inside because Vegas has that extreme heat and whatever. And so outside storage is an ideal.

I think it was like a 20 million dollar raise we were going to have to do if we wanted to do it. But oh, my God, it is just it prints money after that. And it's all inside because Vegas has that extreme heat and whatever. And so outside storage is an ideal.

And then you lock it and then sell it. And it's just, I love it. But there are different verticals, right? Like the really kind of small mom, pop, stop people you want to, like you and I would only really want to be looking at 50,000 square feet or more would be where we would want to be investing or buying or whatever.

And then you lock it and then sell it. And it's just, I love it. But there are different verticals, right? Like the really kind of small mom, pop, stop people you want to, like you and I would only really want to be looking at 50,000 square feet or more would be where we would want to be investing or buying or whatever.

But there's a lot of these like 20,000 square foot spots in Tulsa, Oklahoma that you could go make four or five grand a month. And maybe that may not feel like a lot of money, but like. Compounds, yeah. You go get fucking 100 of those things. Right. Right? And it's like really not. And you don't have to even do everything I just talked about.

But there's a lot of these like 20,000 square foot spots in Tulsa, Oklahoma that you could go make four or five grand a month. And maybe that may not feel like a lot of money, but like. Compounds, yeah. You go get fucking 100 of those things. Right. Right? And it's like really not. And you don't have to even do everything I just talked about.

Like those little ones that are 20,000 square feet, no real need for security. They're smaller. You guys all know the ones we're talking about. Like usually kind of on the side road of the freeway. Like it's just awesome. Right? And so I'm like you. I have this like want and more to do it. I just got to find the time.

Like those little ones that are 20,000 square feet, no real need for security. They're smaller. You guys all know the ones we're talking about. Like usually kind of on the side road of the freeway. Like it's just awesome. Right? And so I'm like you. I have this like want and more to do it. I just got to find the time.

Right now, so last year I bought four apartment complexes, but they're all burnouts essentially. They're all like vacant and just destroyed. And so a lot of my time right now is turning those, right? Because they are great upside opportunity if done right.

Right now, so last year I bought four apartment complexes, but they're all burnouts essentially. They're all like vacant and just destroyed. And so a lot of my time right now is turning those, right? Because they are great upside opportunity if done right.

No, there's no tenants right now.

No, there's no tenants right now.

So all the equity I raised is equity. No debt, meaning I don't have to pay monthly. And it's all for the upside. So again, you call a day and say, hey, dude, I know you need a tax write off because you're going to own it with me. You want the upside. You want a resume that has commercial on it. We'll have an exit in about five years.

So all the equity I raised is equity. No debt, meaning I don't have to pay monthly. And it's all for the upside. So again, you call a day and say, hey, dude, I know you need a tax write off because you're going to own it with me. You want the upside. You want a resume that has commercial on it. We'll have an exit in about five years.

I can't pay you monthly in a loan style debt, but I'm going to give you the equity that gives you all the other stuff. In fact, I'll give you a pref. and I'll give you 10% of your money while it's accruing. And then when we refi out with the bank, I'll make sure you get a minimum that your interest that you're owed, plus whatever appraisal we can get, I'll give you as much as your principal back.

I can't pay you monthly in a loan style debt, but I'm going to give you the equity that gives you all the other stuff. In fact, I'll give you a pref. and I'll give you 10% of your money while it's accruing. And then when we refi out with the bank, I'll make sure you get a minimum that your interest that you're owed, plus whatever appraisal we can get, I'll give you as much as your principal back.

So your principal, or I'm sorry, your interest plus your principal on the refi, there's a chance you get 50, 60, 70, 80, 90% of your principal back on the refi if it's done right. and you're in it and have all the upside, all the tax write-offs, all everything. So I like the vacant model. The downside of the vacant model, there's no money coming in. Right?

So your principal, or I'm sorry, your interest plus your principal on the refi, there's a chance you get 50, 60, 70, 80, 90% of your principal back on the refi if it's done right. and you're in it and have all the upside, all the tax write-offs, all everything. So I like the vacant model. The downside of the vacant model, there's no money coming in. Right?

So when things go bump in the night, you're like, oh man, there's like, I just got to stroke a check for that. There's nothing to do. There's no money coming into the company. Right? But there's pros and cons to both. Right? I think the next one I'll buy will be performing to some level because when the bumps go in the night, you go, oh no. Okay. Daddy's got to go cut that check. Right.

So when things go bump in the night, you're like, oh man, there's like, I just got to stroke a check for that. There's nothing to do. There's no money coming into the company. Right? But there's pros and cons to both. Right? I think the next one I'll buy will be performing to some level because when the bumps go in the night, you go, oh no. Okay. Daddy's got to go cut that check. Right.