Justin Colby

So it's, it's an easy investment to say, Hey dude, I need to bring you on to help me get there.

So it's, it's an easy investment to say, Hey dude, I need to bring you on to help me get there.

Do people need to be buying rentals now or first or should they be focusing on just the transactional side?

Do people need to be buying rentals now or first or should they be focusing on just the transactional side?

Yeah, you're exactly right. I think, you know, my biggest mistake I've ever made, and I say this all the time from stages, it wasn't the seven figures I lost on a development. It wasn't the seven figures I lost on apartments and things of that nature. My biggest mistake wasn't buying rentals or portfolio properties sooner. I'm not talking about at scale. I'm not talking about the apartments.

Yeah, you're exactly right. I think, you know, my biggest mistake I've ever made, and I say this all the time from stages, it wasn't the seven figures I lost on a development. It wasn't the seven figures I lost on apartments and things of that nature. My biggest mistake wasn't buying rentals or portfolio properties sooner. I'm not talking about at scale. I'm not talking about the apartments.

I'm not talking about one a month. I'm talking about like one a year, right? Like just something. Yeah. Because then you can start to build equity. And you talked about repositioning debt. If I were to buy one a year 18 years ago and never sped that up one a year, I would have 18 homes.

I'm not talking about one a month. I'm talking about like one a year, right? Like just something. Yeah. Because then you can start to build equity. And you talked about repositioning debt. If I were to buy one a year 18 years ago and never sped that up one a year, I would have 18 homes.

A handful of those homes probably would be owned free and clear because I would have gotten like 15-year mortgages on them. Sure. Many of them would have...

A handful of those homes probably would be owned free and clear because I would have gotten like 15-year mortgages on them. Sure. Many of them would have...

75 60 50 equity then i can go reposition debt on some homes that are free and clear put more debt back on them because they're performing assets take that money potentially put in my pocket tax free but then just go double down and now all of a sudden i'll have 36 rentals instead of 18 and it happened overnight because for the last 18 years i've been stacking them up right and

75 60 50 equity then i can go reposition debt on some homes that are free and clear put more debt back on them because they're performing assets take that money potentially put in my pocket tax free but then just go double down and now all of a sudden i'll have 36 rentals instead of 18 and it happened overnight because for the last 18 years i've been stacking them up right and

is it's really a slower game and it's definitely not sexy. And I'd tell you as someone that has a lot of rentals, it is not by any chance passive, even when you have property management groups. At all.

is it's really a slower game and it's definitely not sexy. And I'd tell you as someone that has a lot of rentals, it is not by any chance passive, even when you have property management groups. At all.

Yep. And that's what I've seen after almost, you know, 12 years of coaching individuals, the construction component. Yep. That's where a lot of people drop the ball. And I mean, listen, even today, 18 years in, I get contractors that like,

Yep. And that's what I've seen after almost, you know, 12 years of coaching individuals, the construction component. Yep. That's where a lot of people drop the ball. And I mean, listen, even today, 18 years in, I get contractors that like,

do some nasty shit to me and totally lie and you know whatever so some of it out of your control to some extent but understanding construction really can make or break a deal i did a training last night to i don't know a couple hundred investors and basically i said there's three ways to actually get more deals And one of the three is understanding how to underwrite the construction component.

do some nasty shit to me and totally lie and you know whatever so some of it out of your control to some extent but understanding construction really can make or break a deal i did a training last night to i don't know a couple hundred investors and basically i said there's three ways to actually get more deals And one of the three is understanding how to underwrite the construction component.

Absolutely. Because for someone who's going to be doing a rental, that construction component might be way less than someone who's going to be doing a fix and flip or even a burr, right? Yep. So if they're going to be doing a burr, you're going to probably want to put in a good amount of money.

Absolutely. Because for someone who's going to be doing a rental, that construction component might be way less than someone who's going to be doing a fix and flip or even a burr, right? Yep. So if they're going to be doing a burr, you're going to probably want to put in a good amount of money.