Gambling in Real Estate is a Risky Play - Why You Should Avoid It | Joel Friedland
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The conversation between Justin Colby and various speakers covers a wide range of topics related to real estate investment, particularly focusing on industrial properties and the challenges and opportunities in the market. Colby shares his three rules of real estate, emphasizing the prevalence of lies in the industry and the danger of lying to oneself. He discusses the importance of being honest about the risks and not deceiving oneself, as this can lead to gambling and mistakes. The conversation also delves into the mental health aspect of real estate and personal relationships, highlighting the tragic impact of mental health issues in the industry and the significance of treating business as a marriage. Both Colby and the speakers stress the significance of being truthful and transparent in real estate dealings to avoid negative consequences and maintain mental well-being. The dialogue underscores the pivotal role of relationships in real estate and the genuine connections that drive their professional pursuits. Overall, the conversation provides valuable insights into real estate investment, emphasizing the importance of honesty, transparency, and strong relationships in navigating the industry.
The conversation between Justin Colby and various speakers covers a wide range of topics related to