Podcast Summary: The Science of Flipping

Episode Title: From Lost to $15K: One Phone Call Changed Everything for Him | Phillip Godkin
Release Date: April 25, 2025
Host: Justin Colby, Bleav
Guest: Phillip Godkin

1. Introduction

In this compelling episode of The Science of Flipping, host Justin Colby welcomes Phillip Godkin, a dedicated member of REI Live, to share his transformative journey in the real estate investing landscape. Phillip's story is one of perseverance, strategic action, and the profound impact of mentorship, culminating in his impressive achievement of generating $15,000 in just four months.

2. Phillip Godkin’s Journey in Real Estate

Phillip begins by recounting his initial foray into real estate investing in Nashville during early 2023. Responding to a bandit sign led him to Net Worth Realty, where he was introduced to seasoned investors and the vast opportunities within the field.

Phillip Godkin [01:57]: “It all started for me in Nashville... I realized, like, holy crap, this world of real estate investing. This is something I should have done 10 years ago.”

Attending Real Estate Investment Association (REIA) meetings opened his eyes to various verticals, from fix and flipping to multi-unit developments, highlighting the diverse paths available in the industry.

3. Overcoming Challenges and Mindset Shifts

Despite recognizing the potential, Phillip faced significant challenges, particularly in the fix-and-flip sector. Concerns about managing crews and dealing with downtime costs made him hesitant to pursue this path fully.

Phillip Godkin [03:20]: “I didn’t have the crews. I wasn’t willing to manage the crews... But I had this attitude that I was not ever gonna give up.”

A pivotal moment came through a bracelet he wore, emblazoned with the motto "never give up," which served as a daily reminder of his commitment to persevere for the sake of his family.

4. The Role of Coaching and Community

Phillip credits finding Justin Colby and joining REI Live as transformative elements in his success. Justin's hands-on coaching and the supportive community provided the structure and confidence Phillip needed to take decisive action.

Phillip Godkin [07:13]: “The coaching component really made the difference... They weren’t just letting you drift; they were actively helping you understand it.”

The structured approach of REI Live, including daily calls and practical guidance, enabled Phillip to transition from feeling overwhelmed to executing his first deal confidently.

5. Taking Massive Action

A central theme of the episode is the importance of taking consistent, revenue-generating actions rather than getting bogged down in "busy work." Phillip emphasizes the value of making numerous calls to potential leads, understanding that persistence is key to uncovering opportunities.

Phillip Godkin [17:33]: “Massive action was just doing something... Pick one thing and do it, then add something else to it.”

Justin reinforces this by highlighting the necessity of focusing efforts on activities that directly contribute to deal-making.

Justin Colby [18:16]: “Make sure that something is actually a revenue-generating activity and not just spinning your wheels.”

6. Success Metrics and Achievements

Phillip shares his impressive track record, having made 117 calls resulting in 10 meaningful conversations. This efficiency surpassed typical metrics, showcasing the effectiveness of his targeted approach.

Phillip Godkin [23:48]: “I made 117 calls for 10 conversations... Did that take action. It’s holding my calling five old realtors.”

His ability to secure deals through strategic networking and persistent outreach underscores the episode's message about the power of dedicated effort.

7. Advice for New Investors

Towards the end of the episode, Phillip offers invaluable advice to aspiring real estate investors. He emphasizes the importance of utilizing resources like REI Live to build confidence and certainty through mentorship and community support.

Phillip Godkin [34:40]: “Don't waste that opportunity and then find out what it is that you want to do for your strategy to go start to take action on.”

Justin echoes this sentiment, encouraging listeners to commit to their goals and leverage the community to stay motivated and informed.

8. Conclusion

Phillip Godkin's journey from feeling lost to achieving significant financial milestones embodies the essence of The Science of Flipping. His story illustrates how the right mindset, coupled with effective coaching and relentless action, can transform one's real estate investing endeavors. The episode serves as an inspiring blueprint for both novice and seasoned investors aiming to elevate their success in the real estate market.

Notable Quotes:

• Phillip Godkin [01:57]: “I should have done 10 years ago.”
• Justin Colby [06:39]: “Imagine what you can do by putting 100% in.”
• Phillip Godkin [17:33]: “Massive action was just doing something.”
• Justin Colby [18:16]: “Make sure that something is actually a revenue-generating activity.”
• Phillip Godkin [23:48]: “I made 117 calls for 10 conversations.”
• Phillip Godkin [34:40]: “Don't waste that opportunity... start to take action on.”

This episode is a testament to the power of persistence, the value of mentorship, and the transformative impact of taking decisive action in real estate investing. Whether you're just starting or looking to scale your investments, Phillip Godkin's story offers actionable insights and inspiration to guide your journey toward becoming a successful millionaire real estate investor.