Get Creative with Pace Morby Scott Mednick on Maximizing Real Estate Opportunities
Welcome to a new episode of Get Creative! Today, we're joined by the accomplished real estate investor Scott Mednick. Our host, Jordan Whittenburg, will dive into Scott's extensive background in the real estate industry, exploring a particularly fascinating deal involving a house flip that came with a unique twist—a Corvette! Learn how Scott navigates the highs and lows of real estate investments and uses creative financing to make the most out of every opportunity.
Highlights:
"You know, joining this has been the best thing I've ever done. The people and the contacts... just fantastic."
"Some people may think I paid $10,000 for the car. I feel I got it for free because I would have paid that much for the house anyway."
"You don't want to put cheap stuff in a nicer neighborhood, and you don't want to put too expensive stuff in a neighborhood that's not that great."
"It's like going to medical school, right? You got the experience, you have your formula."
Timestamps:
00:00 - Introduction to Creative Real Estate Financing
00:53 - Scott Mednick's Incredible House Flip Deal
03:36 - Unique Aspects of Scott's Real Estate Career
05:20 - The Background that Fuels Scott's Success
10:05 - Negotiating a Corvette into a Real Estate Deal
13:13 - The Beginnings of the Rehab Process
15:57 - Calculating Profits and Extra Perks
17:08 - Scott's Approach to Real Estate Valuations
22:07 - Benefits of Joining Real Estate Investment Groups
27:23 - Scott's Future Plans and How to Connect
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