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