House Flipping is a type of real estate investment where an investor buys a home, holds it, and later sells at a profit. The investor must renovate the house to give it a glamorous look to suit the end-user before selling it. The business is highly lucrative as one buys old homes at lower prices and refurbishes them to add value and thus allowing for profit.
Justin Colby is one, successful real estate investor in flipping real estate, wholesaling houses, and real estate coaching. He is the co-founder of the Science of Flipping Podcast and the Science of Flipping Coaching program. He has flipped over 1700 homes and is now an icon to numerous real estate investors with over fourteen years of experience.
Getting into His Profession
Justin underwent a rough patch getting into real estate, especially with no money nor resources. He also went through a phase where he lost his car to a repo man, lost his home, and landed on a friend’s couch as his bed. He found a mentor who helped him get a game plan to bounce back. Getting a coach allowed him to flip houses and to make a statement in real estate rapidly.
He has also gone through other downs, especially when the market is at its lowest, losing lumpsum amounts, but he takes each challenge as a valuable lesson. It is through these lessons that he can rise back and fast and to a higher degree.
To come out strong and iconic, Justin has maintained a solid work ethic and principles. He stands by the principles of hard work, patience, determination, consistency, and discipline. Colby affirms that for one to thrive, they need to want the pursuit because it can create an incredible lifestyle for them. He also states that they also have to withstand the challenges that come along with it.
He also insists on beating procrastination and striving to be consistent and disciplined. “Procrastination is the greatest obstacle towards success,” he says. Patience is also crucial as you develop your skills to add to your value.
Justin is an exemplar to thousands of real estate students and continues to inspire many willing to take or follow his course. You can get more insights from him on his podcast, or you can follow him on Facebook.
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