The Wealth Without Wall Street Podcast From Foreclosure to Freedom: The Slow Flip Strategy with Scott Jelinek
Have you ever wondered how you can make money in real estate without rushing through flips or facing massive risks? In this episode, Scott Jelinek joins Russ and Joey to share his proven method for building wealth through real estate investing by focusing on slow flips. Unlike traditional fast-paced house flipping, the slow flip strategy focuses on purchasing foreclosures, renovating them, and turning them into long-term cash-flowing properties.
Scott discusses the steps involved in finding, purchasing, and improving foreclosures to create steady passive income. He highlights the benefits of this approach over quick flips, offering a more secure and reliable source of income without the usual risks.
You'll learn how to avoid common pitfalls in real estate investing, how to select the best properties for slow flips, and why this strategy can provide lasting financial freedom. Whether you’re a seasoned investor or just starting out, this episode will provide valuable insights into building wealth through strategic real estate investments.
Top three things you will learn:
-How to turn foreclosures into profitable real estate investments
-The importance of deferred cash flow in building long-term wealth
-Why the slow flip strategy can offer a safer, more stable alternative to traditional flipping
About Our Guest:
Scott Jelinek is an entrepreneur and real estate investor. He started his first business, a vending machine route, at just fifteen years old and has owned and operated various businesses from tanning salons to hot dog shops, all while buying, selling, and renting properties. He has been investing in real estate since 1994 and has completed over 600 deals. Today, Scott uses his knowledge and experience to coach other real estate investors.
Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.
The hosts may have a financial interest in the programs or services mentioned in this episode.
Connect with Scott Jelinek:
-Website - wealthwithoutwallstreet.com/slowflip
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