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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
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

you have a you have a pulse and a sign you got a loan approved um that was me by the way i literally yeah i got a six percent hundred percent finance deal top of the market brand new build they didn't care i just like submitted my social security and they're like yeah you're fully approved six percent interest i was like It's wild.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

You're just blowing my, I mean, the whole Amazon housing thing. It's crazy. Amazon's just going to own the world at some point. Yeah, they will. I mean, this is getting insane.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

You're just blowing my, I mean, the whole Amazon housing thing. It's crazy. Amazon's just going to own the world at some point. Yeah, they will. I mean, this is getting insane.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

Yeah.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

Yeah.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

in my young kid i mean i don't know and i know you coach a lot of people for this but i would even say if you're a young kid and what i mean young you know 20 to 30 yeah if you're in your 20s going to college just out of college this is the move go buy a home in house hack using this loan this would be everything now you might need can can you do like co-signatures co-signers on it you know because yeah

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

in my young kid i mean i don't know and i know you coach a lot of people for this but i would even say if you're a young kid and what i mean young you know 20 to 30 yeah if you're in your 20s going to college just out of college this is the move go buy a home in house hack using this loan this would be everything now you might need can can you do like co-signatures co-signers on it you know because yeah

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

Of course, 21, you may not have the DTI kind of ratio and all that other stuff. But yeah, then you get all your friends to pay you rent. You effectively are living for free. You're actually paying down your home mortgage, which we know the first five to seven years is heavily interest rate bill anyways. They're all paying that down. You now have your very first investment.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

Of course, 21, you may not have the DTI kind of ratio and all that other stuff. But yeah, then you get all your friends to pay you rent. You effectively are living for free. You're actually paying down your home mortgage, which we know the first five to seven years is heavily interest rate bill anyways. They're all paying that down. You now have your very first investment.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

It is a 21 year old, 25 year old, 30 year old that essentially you're going to have the bankability from having all this equity that all your friends just paid you down. Right. You have a party house that you're going to love anyways. You're going to be with your friends all the time anyways.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

It is a 21 year old, 25 year old, 30 year old that essentially you're going to have the bankability from having all this equity that all your friends just paid you down. Right. You have a party house that you're going to love anyways. You're going to be with your friends all the time anyways.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

You now actually have your very first investment that could make you a millionaire before you're 30, depending upon where you buy it. This is like the, I keep saying no brainer to me because I'm even sitting here just thinking like, instead of giving my kid,

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

You now actually have your very first investment that could make you a millionaire before you're 30, depending upon where you buy it. This is like the, I keep saying no brainer to me because I'm even sitting here just thinking like, instead of giving my kid,

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

fund or a college fund or whatever you go buy her a house to do this with and actually help her understand the value of money help her understand business and if for sure get her into the real estate game it's it's free money that everyone could take advantage of right and it's it's you know I'm not the biggest fan of the government by any means sure but I think it's one program that they really did get pretty right

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

fund or a college fund or whatever you go buy her a house to do this with and actually help her understand the value of money help her understand business and if for sure get her into the real estate game it's it's free money that everyone could take advantage of right and it's it's you know I'm not the biggest fan of the government by any means sure but I think it's one program that they really did get pretty right

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

then when you then when you're done you can go in and then start making the payments so i feel like this is going to make me want to move every two years it's listen and i'll just build a portfolio yeah for the rest of my life and i'll just need to sell my wife on this idea yeah but honey we're gonna have you know 42 million dollar homes across the country and We're out.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

then when you then when you're done you can go in and then start making the payments so i feel like this is going to make me want to move every two years it's listen and i'll just build a portfolio yeah for the rest of my life and i'll just need to sell my wife on this idea yeah but honey we're gonna have you know 42 million dollar homes across the country and We're out.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

What is the length of like having to move or like how quickly can I buy it, live in it? A year. So every year I could move my happy ass for the next 11 years.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

What is the length of like having to move or like how quickly can I buy it, live in it? A year. So every year I could move my happy ass for the next 11 years.

The Science of Flipping
The Power of an FHA 203K Loan [REPOST] | Matt Porcaro

So I know people right now are probably feeling the same way I'm feeling. The best place for them to inquire more is just go hit you up on Instagram. Instagram is the best place. Now, is there any place that they can like...