Justin Colby
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Podcast Appearances
tax write-off towards his doctor income at all based around the performance of that cost seg study being out to outweigh the income monthly is there any way that he can because the price of the home changes how much the cost seg study does that make sense yeah yeah so um from the scenario you just gave me
group but you might have one of your followers who is a doctor who would be interested in in that part of the conversation well and that's that's why i'm trying to i'm trying to make this is because it's very complex and there's like you just said you're you're citing you know the laws of all this but i want to make it as simple as possible because what everyone needs to understand is if you're buying real estate in any way to keep
this is the best thing that you could possibly do, regardless of whether it's 27 and a half years, to your one pivot, because I've gone down this rabbit hole buying a cheap home, and you start to just say, is the cost of doing the cost seg dollar for dollar create the value that actually makes sense for me?
And if you're buying a cheap home and it's 80 grand, it probably just doesn't.
And just take your 27 and a half years and take it for what it is and let's go.
Now what I think you really have highlighted well, which is,
and I didn't know this, so we're going to talk after, but like I could go take 15 of those lower price point homes, group them together.
I think I said I have 15, let's say the average price is, you know, 150 grand.
So $3 million worth of assets.
Now I can give them to you, say, hey, let's do one big cost seg on this entire thing.
And they're all births.
I bought them all, I remodeled them all.
So it would be your traditional stuff.
And so that's huge.
So I want the listeners to understand as detailed as Jeff can get,
really no matter how you're doing this i would encourage anyone out there you need to be buying assets i love wholesaling i love fix and flipping but you need to be buying assets and then what i would say is if you can get into the multi-unit space even better right i mean that's where you really want to play and i'm going to even use my own examples and you know because i've told you we bought four apartments we have a four plex we have like a bunch of different stuff
What is the benefit to my 16-door apartment versus single-family homes, packaging my 15 single-family homes?
Is there a benefit for one roof, 16 doors versus 16 single-family homes?
You know, it's funny is so Grant and I, Grant Cardone and I have gotten pretty close and, you know, I've always kind of loved the single family space and he keeps just poking me.
By poking, he calls me out a lot about it.