Justin Colby

So as I deliver, I build up goodwill and credibility with you. So when I do ask you for a favor, when I ask you for something like, please go buy my book and write a review, it's received a lot better. And that comes from the ability for me to deliver goodwill, which creates credibility, influence, and authority. So I appreciate you guys. Again, share this episode. Share my book. Buy my book.

Love you guys. And I'll see you guys on the next episode. Science of Flipping. Peace.

Love you guys. And I'll see you guys on the next episode. Science of Flipping. Peace.

Regardless of where you are at today, whether you are making money, whether you're doing real estate full-time, whether you're a part-time hustler, whether you have a W-2 job or not, real estate is the number one vertical, I believe, that can help you also never have to pay taxes again. What is up, Science of Flipping family? It is your boy, Justin Colby, super fired up for this episode. My book.

Regardless of where you are at today, whether you are making money, whether you're doing real estate full-time, whether you're a part-time hustler, whether you have a W-2 job or not, real estate is the number one vertical, I believe, that can help you also never have to pay taxes again. What is up, Science of Flipping family? It is your boy, Justin Colby, super fired up for this episode. My book.

Flipping to Wealth is launching. We are launching live next week. We are having a launch party December 17th. If you are listening this or watching this episode, make sure you click in the comments and the description and the link will be there. We are going to have a launch party December 17th. So excited about that.

Flipping to Wealth is launching. We are launching live next week. We are having a launch party December 17th. If you are listening this or watching this episode, make sure you click in the comments and the description and the link will be there. We are going to have a launch party December 17th. So excited about that.

Now, what I go in the book and go into the book about is this idea of flipping to wealth. That is why I named it. Taking a business, a transactional business, wholesaling, fix and flipping, and turning it into a wealth accumulation business. This, everybody, is why we should be in real estate. Yes, can you make a ton of money wholesaling homes and flipping homes? You absolutely can.

Now, what I go in the book and go into the book about is this idea of flipping to wealth. That is why I named it. Taking a business, a transactional business, wholesaling, fix and flipping, and turning it into a wealth accumulation business. This, everybody, is why we should be in real estate. Yes, can you make a ton of money wholesaling homes and flipping homes? You absolutely can.

Now, in fits and flipping, you can actually lose a ton of money too. So you've got to be very careful. If you don't have someone coaching or mentoring you, you definitely should because you can make some really big mistakes if you don't know what you're doing.

Now, in fits and flipping, you can actually lose a ton of money too. So you've got to be very careful. If you don't have someone coaching or mentoring you, you definitely should because you can make some really big mistakes if you don't know what you're doing.

Now, that being said, I fully believe that everybody, I mean everyone, even those that have a W-2 job should be in real estate to some aspect. Now, even then, I believe those that should be in real estate really should be focusing on one thing first. The first thing would be to drive income. Go out and wholesale some properties. Go out and fix and flip some properties.

Now, that being said, I fully believe that everybody, I mean everyone, even those that have a W-2 job should be in real estate to some aspect. Now, even then, I believe those that should be in real estate really should be focusing on one thing first. The first thing would be to drive income. Go out and wholesale some properties. Go out and fix and flip some properties.

The next phase of this is going out and building wealth. Now, building wealth is traditionally speaking through long term buying holds. Now, you can do short term buying holds, you can do midterm buying holds. But traditionally speaking, it is through long term buy and holds. And so that is something that even a part time.

The next phase of this is going out and building wealth. Now, building wealth is traditionally speaking through long term buying holds. Now, you can do short term buying holds, you can do midterm buying holds. But traditionally speaking, it is through long term buy and holds. And so that is something that even a part time.

Real estate investor can do now the challenge I have and what I go through the book is the challenge I see people do or challenge I I see that people are doing is They basically save up all their money and buy one property every five years right or every two or three years and While I would rather someone buy rentals than not buy rentals I also believe that that is not the right way to do it.

Real estate investor can do now the challenge I have and what I go through the book is the challenge I see people do or challenge I I see that people are doing is They basically save up all their money and buy one property every five years right or every two or three years and While I would rather someone buy rentals than not buy rentals I also believe that that is not the right way to do it.

Now I go through in depth in the book about how to raise capital. You see, I've bought tens of millions of dollars of real estate for holdings, and I've never used my own money to do it. You see, even if you have the money, you don't want to use your own to do it. So let's just, as an example, bring it back to 2006, 2007, maybe even 2005. The banks were offering 100% finance loans, right?

Now I go through in depth in the book about how to raise capital. You see, I've bought tens of millions of dollars of real estate for holdings, and I've never used my own money to do it. You see, even if you have the money, you don't want to use your own to do it. So let's just, as an example, bring it back to 2006, 2007, maybe even 2005. The banks were offering 100% finance loans, right?

These are, you know, they were very prevalent in 2005 and 6 and 7. And If you could get them, which basically they were giving them out to anyone with a heartbeat, then you would use 100% of the bank's money. Why does that change when you're buying a rental? Why, if you don't have to, do you use your money to buy a rental? Well, I would argue you shouldn't.