Justin Colby. Real Estate Rags to Riches. Episode 532 with The Real Brad Lea (TRBL)
In this episode, Brad and Justin Colby discuss Colby’s unique story of his claim to fame in the real estate industry. Once a “paper mover” lacking a useful skill set, now a real estate typhoon, Colby reveals secrets to his trade and enlightens listeners to techniques to make money in the fast paced real estate industry. 00:00 Intro 00:15 Introducing Justin Colby 00:24 TheScienceOfFlipping.com 01:46 Bomb Dropped: Fast, Good, or Cheap- pick 2 02:34 Colby talks about overcoming obstacles when purchasing real estate: “Anybody can do it” 04:30 How to acquire the deals 05:45 Cost of owning a home 07:00 Airbnbs 07:41 Sunbelt: Best market right now (2022) 08:45 Renter damage control 10:50 How to raise money 12:20 How to begin your real estate journey 13:30 Hotels: Pros & Cons 15:00 Money lost: Earn or learn 17:29 Colby talks about his entrance into the real estate industry 19:40 Creative financing 22:00 Buying VS. Selling real estate 24:37 911- Call brad 27:00 Brad talks about his own real estate interests 28:05 How to fund investing in high end real estate 30:12 Creating a fund 31:15 Moving your goal posts down the field 33:25 Life is short, be willing to do the leg work 34:00 How bird dogs get paid 35:15 Colby was broke. Busted, & Disgusted 35:40 Bomb Dropped: Willingness to do the work & take the risk 37:25 Rentals VS. Wholesaling 38:47 Benefits of owning land 39:13 Colby talks his experience Miami living 40:05 Brads Miami opportunity 40:56 Get something done- youtube.com/JustinColby