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Justin Colby

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
5315 total appearances

Appearances Over Time

Podcast Appearances

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

However, the IRS law, and I am not a licensed accountant, really makes it easy for us to find the strategy to not actually have to pay taxes, including if you are a W-2 employee or you're a full-time real estate investor. And this is incredibly valuable. There's really three reasons all of us should be in real estate. Increase your income, increase your profits, and never pay taxes again.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

And if you do that the right way, which is what my book is about, then you're going to create an incredible life for yourself and for your family. And likely, you're going to be able to pass that down as a legacy to your children, your grandchildren, so on and so forth. And I really encourage each and every one of you to get the book and really read through the book.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

And if you do that the right way, which is what my book is about, then you're going to create an incredible life for yourself and for your family. And likely, you're going to be able to pass that down as a legacy to your children, your grandchildren, so on and so forth. And I really encourage each and every one of you to get the book and really read through the book.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

I've been doing this business for 18 years. I've had a lot of wins. I've absolutely had my own losses. I talk about those losses in the book because you can't win a championship with a clean jersey. I firmly believe that. And so if that's the case, then you guys need to understand that you can do this. As long as you really subscribe to my five laws of success,

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

I've been doing this business for 18 years. I've had a lot of wins. I've absolutely had my own losses. I talk about those losses in the book because you can't win a championship with a clean jersey. I firmly believe that. And so if that's the case, then you guys need to understand that you can do this. As long as you really subscribe to my five laws of success,

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

which is first decide what you want and who you need to be to get it. You see, what I built in my business doesn't have to be what you're going to build in your business. You don't have to do this full time. You don't have to spend a lot of money marketing to find leads, etc. But you absolutely need to decide what you want and who you need to be to get what you want.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

which is first decide what you want and who you need to be to get it. You see, what I built in my business doesn't have to be what you're going to build in your business. You don't have to do this full time. You don't have to spend a lot of money marketing to find leads, etc. But you absolutely need to decide what you want and who you need to be to get what you want.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

Now, the second law is you must commit to that. Don't just flippantly say, this is what I want. I want to make a million dollars at random. Really get clear on what you want and then commit. And then third is take a lot of action. There's only one way to start flipping or buying rentals and that's to make offers. You can't flip a property if you make no offers.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

Now, the second law is you must commit to that. Don't just flippantly say, this is what I want. I want to make a million dollars at random. Really get clear on what you want and then commit. And then third is take a lot of action. There's only one way to start flipping or buying rentals and that's to make offers. You can't flip a property if you make no offers.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

You can't buy a rental if you make no offers. So you got to take a lot of action. That action leads us to law number five, which is going to make you incredibly uncomfortable. Doing things you've never done before is going to be uncomfortable. Just like when we were kids, we learned how to crawl, we learned how to walk, we learned how to swim, we learned how to ride bikes, all of which

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

You can't buy a rental if you make no offers. So you got to take a lot of action. That action leads us to law number five, which is going to make you incredibly uncomfortable. Doing things you've never done before is going to be uncomfortable. Just like when we were kids, we learned how to crawl, we learned how to walk, we learned how to swim, we learned how to ride bikes, all of which

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

was uncomfortable for us, but we did it. The same thing is true here. So you really highly should be getting some sort of coaching, some sort of handholding, some sort of mentorship. And law number five is remove your, not mine, remove your time expectation on the result.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

was uncomfortable for us, but we did it. The same thing is true here. So you really highly should be getting some sort of coaching, some sort of handholding, some sort of mentorship. And law number five is remove your, not mine, remove your time expectation on the result.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

You see, I've coached thousands of people in my decade of coaching, and one of the things that really challenges people is their improper expectation. They mentally put up some benchmark of what they're going to be able to achieve, and they put some time limitation on themselves. For newer investors, maybe getting into wholesaling, a lot of times they say, okay, I'm gonna go do a deal in 30 days.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

You see, I've coached thousands of people in my decade of coaching, and one of the things that really challenges people is their improper expectation. They mentally put up some benchmark of what they're going to be able to achieve, and they put some time limitation on themselves. For newer investors, maybe getting into wholesaling, a lot of times they say, okay, I'm gonna go do a deal in 30 days.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

Well, on day 31, if they haven't done a deal, what happens? They mentally check out. They're frustrated. They say it can't work. They blame the economy. They blame their market. They blame whatever. And so if you are looking to break into the space of real estate, and these five laws are true for all verticals, no matter the economy, but You need to be patient and give yourself grace.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

Well, on day 31, if they haven't done a deal, what happens? They mentally check out. They're frustrated. They say it can't work. They blame the economy. They blame their market. They blame whatever. And so if you are looking to break into the space of real estate, and these five laws are true for all verticals, no matter the economy, but You need to be patient and give yourself grace.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

Do not put on any type of time expectation on the result you're trying to achieve. So if you're trying to buy 100 single family rentals, don't say I'm gonna do that in a year or five years or 10 years, just say you're gonna do it as fast as you can.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

Do not put on any type of time expectation on the result you're trying to achieve. So if you're trying to buy 100 single family rentals, don't say I'm gonna do that in a year or five years or 10 years, just say you're gonna do it as fast as you can.

The Science of Flipping
Launching Your Journey to Financial Freedom Through Real Estate

If you're trying to buy an apartment, a storage facility, or maybe you're trying to accumulate $100 million worth of assets, do not put a timeframe on it. put your head down and go. And that is a big theme in this book, is do the work, right? If you wanna increase your income, you gotta do the work. If you wanna create wealth, you gotta do the work. This book is incredible.