The Science of Flipping - Investing In The Metaverse

Episode Date: January 14, 2022

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Investors are buying up land in the metaverse because they believe this will be the future of not just real estate, but life. Not only that, our boy Mark Zuckerberg renamed his entire company Meta. So here's the deal. Is this real? Is it not real? Are these big gambles that Facebook and Mark Zuckerberg, as well as some of these big, big institutional investors

are making and gambling on the reality of something that's not real? What's up guys, I am Justin Colby and welcome back to a Science of Flipping podcast episode. This one just has to do with this whole concept of the metaverse and where is it going. My thoughts on this because I can tell you now I have friends actively buying land in the metaverse right now today. And these are active real estate investors that also buy real property right here on planet earth. Now, if you are living under a rock, maybe you're not aware that there is this thing called the metaverse. And maybe you're not aware that there's this thing called cryptocurrency and that there's all these things that for most people are just kind of a part of the imagination. They aren't really tangible. So I'm going to get into that and my thoughts and

my opinions. The Wall Street Journal just came out with this incredible article and a YouTube video supporting this article talking about why these investors are buying land in the metaverse. Here, let me tell you out of the gate my kind of thought on this. First and foremost, do I believe this is here to stay? The answer is yes. The number one reason why I will say that is because we are already to some extent living in this metaverse world. No, it doesn't mean everyone's sitting around with goggles. I sure am not. But kids are already paying to watch others play in a fake universe called video games. That is already currently happening online, real-time, streaming.

And these kids are making millions and millions of dollars playing these video games online, streaming them live and people are paying for that. So that already, that transaction is already happening right now, real time on the internet and it is viral as crazy as it sounds, right? So this transactionary scenario is already happening and it's been happening for years, by the way. These kids, when I say kids, like quite literally 10, 11, 12, 13, 14-year-olds are making millions and millions of dollars playing video games.

So that alone is already saying this exists, it's been around, and this is just a different form of it. point where this Wall Street Journal actually was talking about some of these bigger institutions such as Tokens.com and many other are actually buying this with the investment to get a return on it, right? They actually are talking about how this is going to be the new play for a financial return, right? And so they're buying up a whole lot of land and building it. Now, this article and supporting YouTube video talk about how quite literally this whole video game phenomenon that started years ago and building out these streaming video games

and the graphics. And then, well, let me take a step back. That part is the same thing that happens here in the metaverse. They actually have video game designers graphically design these lands and buildings, land and buildings in the metaverse. The interesting part is you have actual real estate architects that are actually building it out per scope, meaning these companies that are designing the actual metaverse, these companies

that are actually building these, whether it's a commercial property or residential property, they're actually having architects come in and design out a plot the same way you would is if you bought a real piece of land in the United States of America and built out your home or your commercial building. So there's a lot of reality and similarity to what's happening in real life and what someone would do right here on planet earth. I joke and say planet earth because it seems extreme, but this whole thing is extreme. Wouldn't you agree? So there's, there's, it's a very interesting perspective.

So I believe this will stay around for, this is not going anywhere, right? Cryptocurrency is not going anywhere. The metaverse isn't going anywhere. When one of the largest companies in the world renames itself metaverse, and they're pouring almost all of their resources into building out this metaverse, it's not going anywhere, right? Amazon is not a fad. Facebook is not a fad. Cryptocurrency is not a fad. Metaverse is not a fad. Now, my true philosophy after investing in real estate for 14 years is I'm having a hard time grasping the risk tolerance it's going to take to buy a fake piece of land and build it out. Here's why. If I now have

to invest the amount of education needed into learning how to do this and building out these properties and buying the land and then leasing them out, there's no one else I can hire to do that for me. I would be doing that. Well, if I am fully invested in that part, which I believe is still, again, to echo, I believe, let me be cautious here. I believe it will be a good investment if done appropriately, if done right, if you're following where the money is going. So again, follow the money philosophy right here on planet earth. I'm selling a lot of properties to hedge funds because they have all the money. I would also, if I were to start buying property or land in the metaverse, I would follow the money. I would look at companies like tokens.com and see exactly what they're buying, where they're buying, how much they're spending. And I would just follow

that model, right? They're, they're leading the way. I don't want to lead the way and just buy some random plot of land because I think it's cool. Right? So to get back to the idea of if I need to do this because there's no one else that could do this on my team, then it is fully taking me out of my business. I run multiple businesses, right? I have a full fledged real estate investing business. I have a full fledged coaching business. So if I were to do this, I'm now basically going to get pulled out of those. And that doesn't make any sense for me, right? These are my lead horses, real estate and education. And while the investment I believe is real and I believe would have a massive return as a moment in time, I don't, I'm not in a place that

I can do that type of investment, not because it's financial, but because it would actually pull me out of what is making me all my money. This is why I love passive, you know, income in terms of rentals. This is why I love cryptocurrency in terms of more of a risky investment, or I should not say risky per se, but more of a volatile investment. It's because it doesn't take my time. The metaverse would take my time, right? I've just mentioned how, you know, if I bought a piece of land, I would need to build it out. So I would need to have some sort of video game person build out the actual home or the actual yacht or the actual commercial property. I would need an architect to actually design it. All these things play into

that. Now there are people and I have friends that literally just have bought land. That's it. That was kind of as far as they went. Now I think that will pay off for them too. It just won't be as big of a payoff, right? And so for those of you watching this real time with me, for those of you that have watched some of my YouTube channels or have seen this around, again, my opinion here is this is going and it's going big, right? I myself, the way I've invested in this space

is I've actually personally purchased Decentraland, which is a cryptocurrency, which is a platform. Decentraland is the platform you can actually buy the land on. There's other ones like Sandbox and you can buy that as a cryptocurrency and others. So that's my way to be in the space without taking and sucking my time. Now, for those that like, A, have the time and B, have the risk tolerance, this could be a massive, massive play, right? There's probably nothing that we've ever seen. And I would argue even the internet wasn't this, I don't know, forward of a play. Maybe the internet was this forward of a play, but like this is beyond, right? We are creating a, a theoretical universe, a virtual universe

that is not real. It is not tangible. And now you can go make money in it in the very same way you can right here on planet earth. If you've watched any of my tick talks, which are a little bit more humorous about that, then you'll see, I kind of make fun of it because I have a rich son and a, uh, or a son and a rich dad, and they kind of play off each other. I tend to lean towards the dad. Maybe it's because I'm 40 years old, but I tend to lead to say the actual house that these individuals who are going to wear these goggles, right? And, and live in this meta universe, right? They need a place to live. I don't care if they bought it or are renting it. They're still human. They're still here on this planet. So my philosophy, if I'm going to go keep

buying actual real estate, the stuff that you actually can physically feel, because there is only so much planet earth we can build homes on. There's only so much planet earth that we're going to be able to have commercial property, strip malls, office buildings. There's only so much of actual planet earth. And if everyone's going to turn their focus to buying fake property, fake land, so be it. I actually believe in the long run, it will be a great investment in the long run. In the short term, I don't think this is the play for anybody, but in the long run it is. And that's great because the more people that are going that way, and I've seen comments already on Facebook and I've seen comments on Instagram, how, you know, people that I,

you know, would call friends and colleagues, other investors are, are getting pulled into that space. And to me, it's like, cool. Cause that gives me more opportunity to buy actual properties that these people are going to live in anyways. They're going to have to pay rent. They're going to have to buy a home. So I'm doubling, tripling, quadrupling down on actual real estate right here

in planet earth. And that's my play. And then I'm going to be on the sidelines investing in currencies, most likely cryptocurrencies to be a part of that place because I do believe it's a real thing and will really take off, but I don't have the time to focus on it, right? I would almost have to build a full blown other business to focus on the metaverse real estate. And I don't have a passion for that. That's not because I'm not going to be living that. I'm not going to be the individual with the headsets on. So again, I'm not saying it's bad and I'm not judging anyone who does. It's just not for me. I do believe in the long run, if you have the stamina to hold those positions, you will actually win. But if you're me or if you're listening to me, you know, I'm going to be doubling down right here on planet earth on actual real estate, where these individuals are going to be on their goggles

on their couch all day long. Well, they're going to be paying me rent. Hopefully you got some perspective from this. This is going to get more, more, more, more attention. As a matter of fact, there's some new, really cool documentaries that are coming out. Not just about cryptocurrency, but also the metaverse. Pay attention to this stuff, right? I don't pay attention to news, but I pay attention to this stuff. Because this genuinely affects me, my business, my family. I've done very well in

cryptocurrencies. I hope you guys have too. I believe in them. Like I said, they're not going anywhere. I think Bitcoin would be the closest thing to a rental in terms of a hedge against inflation. I believe the actual coin Bitcoin would be the closest thing to hedging yourself against inflation next to actual homes. I believe that's the best play you can. But I'll keep you guys up posted, kind of my feelings, my thoughts, my philosophies about this whole thing. But it's real. It's happening today. I have friends actively buying land in the metaverse. So if you're not yet, make sure you subscribe to my YouTube channel, youtube.com forward slash Justin Colby. Also give me a five-star review on iTunes and go

follow me on Instagram, the Justin Colby, the Justin Colby. I'll see you guys on the next podcast. Peace.