Financial Literacy Through Land Investing | Travis King
youtu.be
Justin Colby, a real estate investor, shares his journey of resilience and perseverance in the face of financial challenges and setbacks. He reflects on the 2008 recession in California, which led to job loss and overleveraging, prompting a relocation to Montana to rebuild his life. Despite past failures, Colby remained determined to pursue entrepreneurship through real estate, emphasizing the importance of taking deliberate and educated approaches. His experience of losing a significant amount of money in real estate highlighted the valuable lessons learned from failure and the transformative nature of adversity. Colby's journey involved exploring various side hustles before rediscovering his passion for real estate investing, particularly in land flipping. He discussed the contrast between the appeal of house flipping and the perceived lack of excitement in land flipping, outlining his strategy of acquiring inexpensive rural vacant land and building recurring note income. The evolution of his real estate business involved a shift from land ownership to note servicing and the challenges encountered in managing self-service notes, leading to a pivot towards higher-value properties. Colby also emphasized the shift from single-family houses to land flipping, targeting higher-value properties to overcome limitations and generate substantial profits. He recounted the challenges of dealing with sellers in real estate and the importance of leveraging land agents and on-site photography in marketing. The conversation concluded with a message of appreciation and the significance of translating awareness into action for success in real estate and beyond.
Justin Colby, a real estate investor, shares his journey of resilience and perseverance in the face