In this special episode of Escaping The REI Newbie Zone Chris Bruce talks with real estate investor Scott Jelinek. Scott has been investing in real estate since the early 90’s. He’s completed every transaction under the sun, from wholesaling, rehabbing, owner financed deals, and owns a large portfolio of rentals. He’s currently closing 3-5 deals a month in the Virginia market. Whats interesting is Scott brings us back to when he was making $100,000 a month. He had a huge over head between marketing budgets as well as paying staff. He even talks about how on the first couple of deals he would take a loss just to break even on the expenses.
Many people dream of doing 20+ deals of month, but what they don’t see is the overhead and stress that comes with scaling a business that large. Since then Scott has scaled his business down, he’s still making a lot of money, and has a portfolio of 70+ rentals which produce passive income. Now he has the time and freedom to travel. He takes month long trips out the country with his wife and daughter. Scott has really built up a business around his desired lifestyle.
You’re going to love this episode. Scott breaks down the raw truth on this one.
Websites mentioned on Podcast: Scott Jelinek website www.masterinvestoracademy.com