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Justin Colby

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
5733 total appearances

Appearances Over Time

Podcast Appearances

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

First of all, to go do your first deal and make $25,000, what I tell people, that creates two things.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

So I've been coaching for 13 years.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

What I try to help people do is create certainty

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

And confidence, and there's a difference.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

Certainty is you are now very clear that you can do this.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

Confidence is now what propels you to do more of it, right?

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

And so you gain certainty and probably overconfidence, right?

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

Because it was easy and you profited so fast and it wasn't this crazy hurdle.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

And then you bid off more than you can chew, right?

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

And so just like anyone in my seat after 20 years and the scars that I get to wear to help someone like a Bobby or any of you,

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

Don't go, don't go too fast, right?

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

Like the lessons I've had to learn in the last even handful of years is I had a really large goal that I knew I was capable of.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

So I was running as fast as I possibly could, but by moving fast with speed for no real apparent reason, but my own ego.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

it harmed me, right?

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

I had financial losses and it wasn't because I couldn't or whatever the case was.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

It was because when you're moving that fast, you're not really paying attention to the nitty gritty and the things that you need to.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

And you start to force square pegs and round holes and, you know, take flyers on deals.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

Oh, that's easy.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

I know that area that'll be, but all of a sudden you have a $15,000, $18,000 foundation issue, which totally blows the deal apart, et cetera.

The Science of Flipping
Clear and Reload: The West Point Mindset Behind 300 Real Estate Deals a Year | Bobby Kough

So speed isn't always your best friend.