Have you heard about a strategy called the Slow Flip in real estate investing? Today I had the opportunity to sit down w/ my mentor and friend Scott Jelinek. He's been in the real estate investing business since 1994. He currently owns 174 rental houses but he does NOT consider himself a landlord. He doesn't deal with traditional tenants in the way most landlords do. He turns himself into the bank where he finances buyers and they are responsible for the upkeep of the property and all the repairs. Join us to hear how Scott's put it all together and stayed in business so long so you can apply these same strategies for 2024.
0:00 - Intro, Landlords are TRAPPED 4:25 - What is Scott Jelinek’s Mission in real estate 5:25 - What is financial freedom look like for you 6:20 - Why is trying to make more money a losing battle 7:25 - We don’t work for money 9:55 - The number of doors does not determine your financial freedom 11:50 - Why be an entrepreneur 16:20 - Why Scott does NOT do the BRRRR strategy 21:20 - How do rents go down in the market 23:20 - What is a Slow Flip and why we don’t do traditional rentals 28:50 - How to find private money lenders for real estate investing 34:30 - Why we NEVER ask people for Private Money 37:40 - Why low end properties give you the most cash flow 40:00 - The art of the Slow Flip free Book hard copy 44:40 - Traditional landlords are trapped 46:30 - If you have a mortgage you can still do slow flips 48:00 - Why some landlords do NOT want to do Slow Flips 51:35 - Who are the buyers for Slow Flip properties 56:30 - How do we sell a slow flip property 58:20 - Question and Answer w/ Scott
