Justin Colby

It's going to be the same thing as kind of a fix and flip because you got to force the appreciation so the bank can take you out. Absolutely. But if they're just buying a rental, like a normal rental, not necessarily burring it, then your construction budget might be like 10 grand that they're just going to put in to paint some stuff, rip out some carpet, replace the carpet.

It's going to be the same thing as kind of a fix and flip because you got to force the appreciation so the bank can take you out. Absolutely. But if they're just buying a rental, like a normal rental, not necessarily burring it, then your construction budget might be like 10 grand that they're just going to put in to paint some stuff, rip out some carpet, replace the carpet.

Like you won't have a big construction budget. It's not a burr. But if you underwrite the construction, right, you'll convert more deals because even as a wholesaler, there are so many landlord type buyers out there. That's why I love Columbus. That's why I love price points.

Like you won't have a big construction budget. It's not a burr. But if you underwrite the construction, right, you'll convert more deals because even as a wholesaler, there are so many landlord type buyers out there. That's why I love Columbus. That's why I love price points.

You know, Cleveland right now, we've done a lot of deals in Cleveland, not my favorite city, but the price points are just good flips and good rentals. Yes, they are. Right. And so I would tell people understanding construction is really valuable. I will tell you now my what I call Bubba math.

You know, Cleveland right now, we've done a lot of deals in Cleveland, not my favorite city, but the price points are just good flips and good rentals. Yes, they are. Right. And so I would tell people understanding construction is really valuable. I will tell you now my what I call Bubba math.

If you are going to be doing what I call like a repair remodel, paint and carpet, simple, nothing like you're not moving wall like repair. Thirty dollars per foot. You can bank on that's pretty close to where you're going to end up. If you're doing a rehab, new kitchen, new bathrooms, right? New paint, $50 square foot.

If you are going to be doing what I call like a repair remodel, paint and carpet, simple, nothing like you're not moving wall like repair. Thirty dollars per foot. You can bank on that's pretty close to where you're going to end up. If you're doing a rehab, new kitchen, new bathrooms, right? New paint, $50 square foot.

If you're doing what I call a redo, this is where you probably got to redo the electrical, probably got to replace the windows, probably got to move some walls, probably got to do like just you're fucking redoing the home, right? That's $70 square foot in most markets. That is not going to be true in San Francisco or Miami. It's going to be more expensive.

If you're doing what I call a redo, this is where you probably got to redo the electrical, probably got to replace the windows, probably got to move some walls, probably got to do like just you're fucking redoing the home, right? That's $70 square foot in most markets. That is not going to be true in San Francisco or Miami. It's going to be more expensive.

But if you're in Columbus, if you're in Charlotte, if you're in Oklahoma City, these are the markets that 30, 50, 70 is a good baseline understanding of where you're going to underwrite that to. And then depending upon... Cleveland's a great rental market. You're probably not doing a lot of 70s. You're probably really a lot closer to 30s, depending upon the condition.

But if you're in Columbus, if you're in Charlotte, if you're in Oklahoma City, these are the markets that 30, 50, 70 is a good baseline understanding of where you're going to underwrite that to. And then depending upon... Cleveland's a great rental market. You're probably not doing a lot of 70s. You're probably really a lot closer to 30s, depending upon the condition.

Some of these houses are terrible, but... you got to understand that and you'll do more deals.

Some of these houses are terrible, but... you got to understand that and you'll do more deals.

Amen. I see you're wearing our boy, Tony. Are you 10 X TV too? Yes, sir. I love our guy, Tony. He runs my TV. He runs your TV. Anyone who's got some budget 10 X TV. That's, that's the name of that name. Tony Javier. They're phenomenal. Look them up. They're great. Say Tommy and Justin sent you.

Amen. I see you're wearing our boy, Tony. Are you 10 X TV too? Yes, sir. I love our guy, Tony. He runs my TV. He runs your TV. Anyone who's got some budget 10 X TV. That's, that's the name of that name. Tony Javier. They're phenomenal. Look them up. They're great. Say Tommy and Justin sent you.

What is your commercial say? I mean, is it like, we're a family trying to buy, like, do you, is it a different script?

What is your commercial say? I mean, is it like, we're a family trying to buy, like, do you, is it a different script?

See, again, I'm doing it in a market that I don't live in. So I still do that well, but I can't say I'm a family owned company here in

See, again, I'm doing it in a market that I don't live in. So I still do that well, but I can't say I'm a family owned company here in