Understanding Slow Flips: A Path to Wealth in Real Estate | Ep. 308

In this episode of Money Talk with Tiff, we dive into the world of slow flips with guest Scott Jelinek. Tiffany Grant sits down with Scott to unravel the concept of slow flips, a unique strategy for flipping properties for the fastest path to wealth.

Scott shares his journey into slow flips, the pitfalls he experienced with conventional rentals, and his innovative approach to creating wealth through real estate. He breaks down the process, addresses questions about vetting potential buyers, and offers invaluable tips for anyone interested in getting started with slow flips.

Tune in to explore this fascinating approach to real estate investing and gain insight into a strategy that’s turning heads in the industry.
About Our Guest

Scott Jelinek is a successful entrepreneur and real estate investor with over 30 years of experience in the industry. His passion for entrepreneurship started at a young age, and he started his first business venture at just fifteen years old. After serving in the army, he turned to real estate and has since completed over 800 deals, establishing himself as a leader in the field.

Scott’s “slow flip” investment strategy has allowed him to own 158 houses and generate a steady monthly income without the typical landlord headaches. He is a creative investor who buys houses without money or credit and turns them into long-term investments. He has shared his knowledge and expertise through teaching seminars and classes, helping others achieve their financial goals through real estate investing.

As a full-time real estate investor, Scott has gained extensive knowledge and experience in the industry, which he uses to coach and mentor other investors. He is passionate about helping others succeed in this lucrative field. He is trying to empower as many people as possible to set themselves free through real estate investing.
Connect with Scott

Website: slowflip.com (https://www.slowflip.com/)

Twitter (X): @scottjelinek123 (https://twitter.com/scottjelinek123)

Instagram: @scott_jelinek (https://www.instagram.com/scott_jelinek/)

Facebook: Scott Jelinek Coach (https://www.facebook.com/scottjelinekcoach/)
Connect with Tiffany

Website: https://www.moneytalkwitht.com (https://www.moneytalkwitht.com/)

Facebook: Money Talk With Tiff (https://www.facebook.com/moneytalkwithT/)

Twitter: @moneytalkwitht (https://twitter.com/moneytalkwitht)

Instagram: @moneytalkwitht (https://www.instagram.com/moneytalkwitht/)

LinkedIn: Tiffany Grant (https://www.linkedin.com/in/tiffanygrant1/)

YouTube: Money Talk With Tiff (https://www.youtube.com/c/MoneyTalkWithTiff)

Pinterest: @moneytalkwitht (https://www.pinterest.com/moneytalkwitht/)

TikTok: @moneytalkwitht (https://www.tiktok.com/@moneytalkwitht)
Timestamps

[00:00] Introduction to Slow Flips with Scott Jelinek

[02:15] The mechanics of Slow Flips: buying and selling properties

[05:30] Scott’s transition from traditional investing to Slow Flips

[09:45] The pitfalls of leveraging and the power of owning free and clear

[12:20] How to handle defaults and protect your investments

[15:00] Top tips for getting started in Slow Flips

[18:10] Vetting buyers and understanding lending discrimination laws

[20:50] How to access Scott’s free book and connect with him online
Key Themes

• Slow Flips: Property investment strategy for wealth building.
• Financial Resilience: Recovering from real estate market failure.
• Mortgage Strategy: Short-term buy, long-term sell approach.
• Risk Management: Balancing leverage and paying off mortgages.
• Seller Financing: Operating like a bank, not a landlord.
• Property Vetting: First come, first serve approach, minimal criteria.
Additional Links & Resources

• Making Money Through Real Estate With Andray And Maisha Stroud | Ep. 74 (https://moneytalkwitht.com/podcast/making-money-through-real-estate-with-andray-and-maisha-stroud-ep-74/)
• Zillow (https://www.zillow.com)
• FHA Loans | HUD.gov / U.S. Department of Housing and Urban Development (HUD) (https://www.hud.gov/buying/loans)
• VA Home Loans (https://benefits.va.gov/homeloans/)
• Using Hard Money Lenders As A Real Estate Investor (https://moneytalkwitht.com/blog/hard-money-lenders/)

Support this Podcast (https://moneytalkwitht.com/donate)

Copyright 2024 Tiffany Grant

This podcast uses the following third-party services for analysis:

Chartable – https://chartable.com/privacy

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