How A Trusted Contractor Cost This Investor 2 Million Dollars

JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.Justin Colby: The 2 Million Dollar Mistake And The Public Comeback | Justin ColbyLearn More About Justin: https://thescienceofflipping.comJustin Colby has flipped over 1,500 houses and runs two podcasts. He came on the show to do something most operators won't: name a 2 million dollar failure he's currently working through, and explain how a contractor he trusted faked an entrie renovation. If you've ever bought a deal because of pride, this one's for you.TIMESTAMPS:0:00 Intro1:24 Dallas Snowstorm Story5:14 Childhood Scarcity9:34 Therapy Breakthrough19:39 Three Levels Of Proving22:00 The 2008 Wipeout30:45 The Contractor Disaster42:00 Building Up Vs Down50:00 Five Hard Lessons1:00:00 Rich Vs Wealthy1:09:30 The 36-Month Trap1:15:45 Closing QuestionsBOOKS & RESOURCES MENTIONED:- Buy Back Your Time by Dan Martell- The Obstacle Is the Way by Ryan Holiday- Think and Grow Rich by Napoleon Hill- The Seven-Day Weekend by Ricardo SemlerGET CONNECTED:Website: www.BeWealthy.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrettFREE RESOURCES:Free Tools & Downloads: https://www.bewealthybrett.com/resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.comABOUT THE SHOW:The Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.DISCLAIMER:Be Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.GUEST INFO:Justin Colby is the founder of The Science of Flipping podcast and coaching program and host of The Entrepreneur DNA podcast. He has flipped over 1,500 houses since 2007 and runs an active portfolio of apartments and rental homes out of Scottsdale, Arizona.