Justin Colby

That's the key. That's why I love this so much. If you're listening or watching this, you already have enough understanding of investing principles. You're interested in investing. You're just going to help them take that. Everyone reach out to Matt two or three K away, but like, because they need to learn more. They need to have someone like you to coach them through this.

It has all the principles. And I was just thinking, the only caveat

It has all the principles. And I was just thinking, the only caveat

is if you wanted the aesthetic that that doesn't count within the loan meaning you know when i bought my home here in miami so we took out all the lawn we put in turf we put in pavers yeah that's aesthetic they're not going to wrap that in the loan because they will on a home style they will for sure 100 yep yeah yeah that's interesting because i'm just thinking about like homes that i would like maybe i want to remodel the inside that's the obvious yeah but what about the backyards and like

is if you wanted the aesthetic that that doesn't count within the loan meaning you know when i bought my home here in miami so we took out all the lawn we put in turf we put in pavers yeah that's aesthetic they're not going to wrap that in the loan because they will on a home style they will for sure 100 yep yeah yeah that's interesting because i'm just thinking about like homes that i would like maybe i want to remodel the inside that's the obvious yeah but what about the backyards and like

Now you know, that's usually like a hard money lender in my space. You're talking about... It is a flipper as a BRRRR guy. I buy it. I remodel it. My lender makes me put 10% down. They will refi me out of the remodel. Now, in my space, I actually have to pay the first draw. They reimburse me. Yeah.

Now you know, that's usually like a hard money lender in my space. You're talking about... It is a flipper as a BRRRR guy. I buy it. I remodel it. My lender makes me put 10% down. They will refi me out of the remodel. Now, in my space, I actually have to pay the first draw. They reimburse me. Yeah.

Is it the same thing in these type of loans where you're paying the contractor the first $20,000 or $30,000 or $40,000 or $50,000 then the lender reimburses?

Is it the same thing in these type of loans where you're paying the contractor the first $20,000 or $30,000 or $40,000 or $50,000 then the lender reimburses?

This, I mean, listen, we only have so much damn time, but I could pepper you for hours. So, because again, if you're watching this, if you're listening to this, I would make the argument, if you're in your 20s at all, even 30s or more, it doesn't really matter.

This, I mean, listen, we only have so much damn time, but I could pepper you for hours. So, because again, if you're watching this, if you're listening to this, I would make the argument, if you're in your 20s at all, even 30s or more, it doesn't really matter.

But this is your way in to my world, to the real estate investing world without necessarily making it a business per se, but you're getting your foot in the door. The amount you would learn by just doing this and buying your own home,

But this is your way in to my world, to the real estate investing world without necessarily making it a business per se, but you're getting your foot in the door. The amount you would learn by just doing this and buying your own home,

I mean, you've really changed how I view buying a home because it becomes an investment tool because you get the bankability, you get the equity, you're not coming out a lot cash. The reason why I like the BRRRR is if you do it right, your money's all out. You don't need to have any money into that thing, right? Yeah.

I mean, you've really changed how I view buying a home because it becomes an investment tool because you get the bankability, you get the equity, you're not coming out a lot cash. The reason why I like the BRRRR is if you do it right, your money's all out. You don't need to have any money into that thing, right? Yeah.

I mean, listen, three and a half percent of your own money in your own personal home that you've created 30% more value, 40% more value. Like that's a no brainer on your return on investment.

I mean, listen, three and a half percent of your own money in your own personal home that you've created 30% more value, 40% more value. Like that's a no brainer on your return on investment.

Five percent a year.

Five percent a year.

You have an asset. It's a real estate. It's a long game. This isn't some quick flip we're going to go make. But you're in the game of real estate investing. Guys, make sure you go follow Matt Porcaro. He is my good friend. I'm going to be peppering him with questions at lunch.