Have you ever imagined what it would be like to shift gears from a humble landscaper to a real estate tycoon? Well, this episode is a fantastic opportunity to learn from someone who has successfully made that transition. We're thrilled to host Scott Jelinek, a seasoned real estate investor who navigated the challenging waters of the 2008 market crash and came out stronger. Scott generously shares his journey, strategies, and the innovative "slow flip" method that has enabled him to steadily accumulate wealth in the realm of real estate.
Scott's experience is a testament to resilience and the power of a changed mindset. He reveals how the 2008 crash reshaped his approach to investing, inspiring him to create strategies that emphasize living the best life over amassing the most wealth. A key point of discussion is his unique focus on selling the financing of properties, a method that requires a small initial investment but offers significant returns. Scott’s perspectives are not just about amassing wealth, but also about achieving financial freedom. He redefines the game of investment, underlining the importance of enjoying life's journey rather than solely focusing on the destination.
Never one to hold back, Scott also opens up about his biggest business mistakes, providing invaluable lessons for us all. Other interesting points touched upon include his views on leveraging and debt, the concept of having enough, and how it's feasible to take a vacation and do nothing if you so desire. This conversation is a goldmine of wisdom for anyone interested in real estate investing or seeking paths to financial freedom. So, join us in this enriching conversation with Scott Jelinek and gain insights that could potentially transform your approach to investing and life.
About the Guest:
Scott is a lifetime entrepreneur, having started his first business, a vending machine route, at just fifteen years old. He served in the army before returning to the working world and entering the real estate industry. He has owned and operated a wide variety of businesses from tanning salons to hot dog shops all while buying, selling, and renting properties. Today, Scott uses his knowledge and experience to coach other real estate investors.
https://www.linkedin.com/in/scott-jelinek-78556b6/
Fast Five Questions
- If you woke up and your business was gone, you have $500, a laptop, a place to live, and food, what would you do first? " I'm going to have to start networking for lenders, private lenders and networking for buyers, not so much the sellers. if I was going to use the 500, that's what I would use for us to do some marketing to try and locate some sellers"
- What is the biggest mistake that you have made in business? "I'm subscribing to the the leverage and debt theory that the world teaches"
- What is a book that you would recommend? "The 4-Hour Workweek by Tim Ferriss"
- What is a tool that you use everyday that you would recommend? "Amortization Calculator"
- What is your definition of freedom? "To be able to wake up in the morning and do whatever it is you want to do...definition of financial freedom, I think it's the ability to say no to opportunities"
About Jeff:
Jeff spent the early part of his career working for others. Jeff had started 5 businesses that failed before he had his first success. Since that time he has learned the principles of a successful business and has been able to build and grow multiple...
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