Justin Colby

So you know I love the Burr method, right? Because as an investor, I'm buying a rental, a true rental that I'm not going to live in, right? Alabama and throughout Florida and whatever. Sure. So I love the model. And the reason why I love the model is because essentially, at the end of the day, first, you have the option to have no money left in it, right? You do it. You do good enough rehab.

You refi all the money out that you already have in it. the like cherry on top in the good old days, which is only about a year and a half ago is you could actually even get cash out refi. You could actually get cash in your pocket.

You refi all the money out that you already have in it. the like cherry on top in the good old days, which is only about a year and a half ago is you could actually even get cash out refi. You could actually get cash in your pocket.

When the loans were a little bit nicer to us now that all may come back here, you know, in the next year or two, but. The Burr Mile for a real estate investor is like, to me at least, it is the perfect model because you don't leave in, if you do it right, you don't leave any money left in.

When the loans were a little bit nicer to us now that all may come back here, you know, in the next year or two, but. The Burr Mile for a real estate investor is like, to me at least, it is the perfect model because you don't leave in, if you do it right, you don't leave any money left in.

Now, even if you have to leave a couple dollars, you're ROI on that model, meaning I'm always looking for a 20% return. So that means if I leave 10 grand in, I want to make sure. I get that 10 grand back out as whole within five years, right?

Now, even if you have to leave a couple dollars, you're ROI on that model, meaning I'm always looking for a 20% return. So that means if I leave 10 grand in, I want to make sure. I get that 10 grand back out as whole within five years, right?

And that's a very similar model to what we're talking about here where you're basically going all in on your personal home, renovating it, updating it, making it pimped out And you have very little money left in the deal because they finance it all? Yeah. I mean, this is insanity.

And that's a very similar model to what we're talking about here where you're basically going all in on your personal home, renovating it, updating it, making it pimped out And you have very little money left in the deal because they finance it all? Yeah. I mean, this is insanity.

Is this a real story?

Is this a real story?

$9,500.

$9,500.

Yep. into this property. And you renovated it. It was a full crack house. I mean, this is like the end all be all for real estate. If people are watching this at justincolby.tv or listening to it on Apple or Spotify, like everyone should be looking into this. Like if you were sitting here, I have friends that literally last night text me like, I really want to buy a new home. Yeah.

Yep. into this property. And you renovated it. It was a full crack house. I mean, this is like the end all be all for real estate. If people are watching this at justincolby.tv or listening to it on Apple or Spotify, like everyone should be looking into this. Like if you were sitting here, I have friends that literally last night text me like, I really want to buy a new home. Yeah.

But the homes I want that are already pimped out look beautiful. They're the ones... I can't get there with the loan rates right now. Exactly. So what would you tell them? Go find it, not find the neighborhood, not the nicest one. Bingo. And go renovate it yourself. Yes, it takes time. This isn't, listen, we can paint the perfect picture, but it takes time, right?

But the homes I want that are already pimped out look beautiful. They're the ones... I can't get there with the loan rates right now. Exactly. So what would you tell them? Go find it, not find the neighborhood, not the nicest one. Bingo. And go renovate it yourself. Yes, it takes time. This isn't, listen, we can paint the perfect picture, but it takes time, right?

Like this isn't, but you're going to be into it for a fraction. I mean, legitimately a fraction of what you would be in if you bought the already done model.

Like this isn't, but you're going to be into it for a fraction. I mean, legitimately a fraction of what you would be in if you bought the already done model.

I was just going to say, I don't want to say infinite, but it's like, God, at that point, you're like... It's like not even in the same... No, you can't find that anywhere.