Welcome to the Money Tree Investing Podcast.

Stock market, wealth, personal finance, value stocks, invest in your life.

Hello, Smart Money Tree podcast listeners.

Welcome to this week's show.

My name's Kirk Chisholm and I'll be your host.

So today I'm joined with Scott Jelinek.

How you doing today, Scott?

I am fantastic.

Thank you for having me. Good. Well, thanks for coming on the show. It's beenk. How you doing today, Scott? I am fantastic. Thank you for having me.

Good. Well, thanks for coming on the show. It's been a while since you kind of interviewed somebody about this topic, but I thought it was timely.

So, Scott, tell us a little bit about your background.

I'm originally from Long Island. I dropped out of school when I was 17 and 11th grade, moved to Virginia Beach, and, you know, I was a landscaper, and I bought

my first house. You know, I always tell people, only the older people even remember non-qualifying

assumptions, right? They did away with them in 87 and 89, and no interest in real estate. And then I

became obsessed with buying houses. I mean, you're going back all the way since 1994 was my first one, and I've

been buying ever since. Although, as you know, if you've been in this for a while, we've had a

roller coaster over time, ups and downs, and, you know, I've lost it all and started over, which is why I

have a unique model now, because I've wanted to lay a solid foundation, so I never have to go through that again.

So what is it you kind of focus on with real estate? You've got kind of this specific thing you do. So can you tell us a little about that? Yeah, so I do slow flips. And I've done it all.

I've rehabbed hundreds of houses. I've done regular rentals. I've done every facet you can think of in real estate, but after the bust,

I got crushed. And ever since then, I realized that everything that was being taught was wrong,

basically. Everybody's teaching you all these leverage models, borrowing and making your little

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