Justin Colby. Real Estate Rags to Riches. Episode 532 with The Real Brad Lea (TRBL)
Dropping Bombs
Brad Lea
4.8 • 2.3K Ratings
🗓️ 1 December 2022
⏱️ 42 minutes
🧾️ Download transcript
Summary
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
Transcript
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| 0:00.0 | Listen up, or run, forever. |
| 0:05.0 | Run, run, run, now it's from the people who have asked you the people who need it. |
| 0:12.0 | The real problem, Bradley Bons is dropping. |
| 0:17.0 | So, Bons. |
| 0:23.5 | What it is, Bradley back again with another episode of Drop in Bons. |
| 0:28.0 | As always, folks, today in the studio, I got a real treat for you. |
| 0:33.0 | Justin Colby, what's cracking? |
| 0:34.0 | What's up, dude? |
| 0:35.0 | Dude, if you guys don't know Justin Colby, you can follow him at the Justin Colby, or the, |
| 0:41.0 | depending on where you're from, how you pronounce that. |
| 0:44.0 | The Justin Colby, just like it sounds, COL BY. |
| 0:48.0 | You can also go to his website, the scienceofflipping.com, and by that title, you could probably imagine |
| 0:55.0 | this dude as a real estate entrepreneur and investor. |
| 0:58.0 | Yes, I have been. |
| 0:59.0 | You flipped over 2,000 houses. |
| 1:01.0 | Done this 15 years personally. |
| 1:03.0 | Personally. |
| 1:04.0 | No, I didn't swing in hammers. |
| 1:05.0 | Let's be honest and clear here. |
| 1:07.0 | I can barely put it in a light bulb, Bradley. |
| 1:08.0 | That's the real story. |
| 1:10.0 | But you know people who can, obviously. |
... |
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