Justin Colby

And what I mean by that is if you do this right, And you actually buy these homes to have or apartments or whatever. Right. When going gets tough, we all know it gets tough. You have assets and those assets can save your ass with the equity you have in them.

And what I mean by that is if you do this right, And you actually buy these homes to have or apartments or whatever. Right. When going gets tough, we all know it gets tough. You have assets and those assets can save your ass with the equity you have in them.

It could be pulled out as income in case you lose your job and you have no income, by the way, tax free. It could be used to lean against other debtors, right? You can go to a bank and ask for a bigger lien and they'll lien your equity.

It could be pulled out as income in case you lose your job and you have no income, by the way, tax free. It could be used to lean against other debtors, right? You can go to a bank and ask for a bigger lien and they'll lien your equity.

It could be used for private liens where you say, hey, buddy, I need 50 grand. I'll get it back to you in 30 days. But just because I want to make you feel safe, I'll lien. Yeah. It is a downside risk net that I don't think enough people talk about the value of real estate in this way.

It could be used for private liens where you say, hey, buddy, I need 50 grand. I'll get it back to you in 30 days. But just because I want to make you feel safe, I'll lien. Yeah. It is a downside risk net that I don't think enough people talk about the value of real estate in this way.

And I'm really trying to bring this to light to say, hey, if you want to grow, most businesses need points of leverage. If you are going through a hard time, these are applicable opportunities. that you can quite literally say, great, you lost your job. Well, you have 10 rentals. You have $400,000 in these rentals. A bank will lend you $125,000, $150,000 against your equity. And it's tax-free.

And I'm really trying to bring this to light to say, hey, if you want to grow, most businesses need points of leverage. If you are going through a hard time, these are applicable opportunities. that you can quite literally say, great, you lost your job. Well, you have 10 rentals. You have $400,000 in these rentals. A bank will lend you $125,000, $150,000 against your equity. And it's tax-free.

Restart. Borrow the money. The rents are going to coverage the extra debt. Borrow the money. Put yourself on solid ground. Don't start living on credit cards. Don't start putting yourself into more debt. Put yourself on solid ground and reframe, rebuild your life. And I don't mean to take the episode, but... It leans into what you're talking about and why I'm such a big believer.

Restart. Borrow the money. The rents are going to coverage the extra debt. Borrow the money. Put yourself on solid ground. Don't start living on credit cards. Don't start putting yourself into more debt. Put yourself on solid ground and reframe, rebuild your life. And I don't mean to take the episode, but... It leans into what you're talking about and why I'm such a big believer.

Like, just get going in real estate.

Like, just get going in real estate.

We go, all right, whatever. I'm just going to cut the check. No negotiating. By the way, Pete, the people that pay taxes outright, my accountant agrees with me, but I think they're nuts. I've owed in my history of being an entrepreneur, a lot of money to the IRS. I no longer do that. You can get out of it. Because of ass outs, right? And it's legal.

We go, all right, whatever. I'm just going to cut the check. No negotiating. By the way, Pete, the people that pay taxes outright, my accountant agrees with me, but I think they're nuts. I've owed in my history of being an entrepreneur, a lot of money to the IRS. I no longer do that. You can get out of it. Because of ass outs, right? And it's legal.

And it's literally, I'm just playing by the rules. It's a game. My previous guest taught, I'm playing by the rules. But I say that because even if you have a tax debt, Negotiate it. They will take payments.

And it's literally, I'm just playing by the rules. It's a game. My previous guest taught, I'm playing by the rules. But I say that because even if you have a tax debt, Negotiate it. They will take payments.

Why would you ever just cut a check? Well, there's an interest rate associated with their payment program. Yeah, but who cares? Why do you want to cut a $100,000 check, for example?

Why would you ever just cut a check? Well, there's an interest rate associated with their payment program. Yeah, but who cares? Why do you want to cut a $100,000 check, for example?

And if you buy another rental with that $100,000 and the rental has a bigger payday to create a difference between the 1% they're charging you, guys, again, I don't want to take the episode. I don't want you to talk about it, but I'm just like... There's just so many upsides to this.

And if you buy another rental with that $100,000 and the rental has a bigger payday to create a difference between the 1% they're charging you, guys, again, I don't want to take the episode. I don't want you to talk about it, but I'm just like... There's just so many upsides to this.