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He's Flipped Over 2,400 Homes & Shares His Biggest Lessons Learned | Justin Colby E122

He's Flipped Over 2,400 Homes & Shares His Biggest Lessons Learned | Justin Colby E122

FromThe Rich Somers Report


He's Flipped Over 2,400 Homes & Shares His Biggest Lessons Learned | Justin Colby E122

FromThe Rich Somers Report

ratings:
Length:
46 minutes
Released:
Dec 14, 2023
Format:
Podcast episode

Description

Rich sits down with the Justin Colby - Real Estate Investor, Entrepreneur, Educator, and Coach. During his 15+ year career as a real estate investor, Justin has flipped over 2400 homes, done wholesaling, and is now getting into the real estate space. He typically buys between 2-5 houses a week.Rich and Justin start off by discussing what Justin currently owns, how’d Justin got his start in house flipping, how Justin runs his team, when to flip or wholesale a home, the BRRRR method, refinancing, the current interest rate market compared to the last 50 years, and creating value.They then reflect on where Justin is currently buying properties, the appreciating market in Florida, when and why someone should exit a deal, the problem with depreciation, Investor Girl Britt, Justin’s newest podcast “Entrepreneur DNA,” Dave Grutman and Brian Malarkey, the worst deal Justin’s ever made, taking risks, the differences between a $200,000 home and $1.1 million home, the magic zip code in Scottsdale, and making mistakes and learning from them.Lastly, Rich and Justin talk about the adrenaline rush built by buying real estate, Justin’s purpose in real estate, happiness stemming from growth and progress, being lonely on the top of a mountain, what Justin’s best deal has been, how to handle lawsuits, and what’s next for Justin.Connect with Justin on Instagram: @thejustincolby--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Released:
Dec 14, 2023
Format:
Podcast episode

Titles in the series (100)

Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $50M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers