From Zero to 2,300 Deals: Justin's Journey to Building a Real Estate Empire with Justin Colby
Justin Colby, the founder of The Science of Flipping podcast, is a coach and seasoned real estate investor with over 15 years of experience and more than 2300 deals under his belt. He built his business from the ground up in one of the busiest states in the country and he is with us to talk about his experience and what he learned along the way.
Listen now to learn more about Justin, what building a real estate business in Florida was like, and how real estate investors today can find success in this space!
Key Talking Points of the Episode
01:23 What is Justin’s background?
03:35 How did Justin learn about real estate investing?
07:37 How much time does it usually take to find your first deal?
08:25 What is the key to achieving success in real estate investing?
10:41 What makes someone a great educator?
11:43 Why is it important to have a mentor or coach?
13:20 What is the reality behind passive income from rental properties?
15:20 What was it like to grow a business in one of the busiest states for real estate?
17:01 What is the reality behind competition in the real estate space?
18:22 How can being part of a community help you find success in real estate?
21:15 What are the 5 keys to success?
24:02 Why shouldn’t you put a time expectation on your goals?
27:02 What is the reality behind an entrepreneur's mind?
32:03 Why is it important to find people that align with you?
33:07 How should you approach challenges you face in life?
35:04 What is Justin’s reason for becoming an educator?
37:05 What is Justin’s favorite book?
39:25 What is next for Justin?
“It’s never a lack of resources, it’s a lack of resourcefulness. There’s always a solution.”
“The key to this space, what you and I do, is incremental progress. It’s not overnight, be Willy Numbers and do $7 million a year. It’s not overnight, do 2,300 transactions – it’s a slower, methodical way of doing it.”
“I want people to be able to create a lifestyle for themselves that is ultimately what the rental is for.”
Book: The Road Less Stupid