Additional information
by Scott Jelinek (Author)
Just as "flipping" is purchasing an asset with a short holding period with the intent of selling it for a quick profit rather than holding for a long-term appreciation, "slow flipping is the process of flipping a property as slowly as possible. This book explains the need to understand what wealth means on a personal level. It highlights that one needs to think of one's ideal day and put a cost on whatever is needed to make that day happen. And with that in mind, one's goal has to be written down to create a guideline for the slow-flipping journey.
It explains a method of wealth creation that is independent of your education level or society's standing. It shows a method of creating long-term wealth through real estate investing. Slow flipping has a formula that anyone can implement. The earlier, the better. It involves buying the house with no money or credit and turning them into a steady monthly income in a short period, with needing to deal with rehabs, repairs, and all.
It also explains how to find houses to slow flip, how to get money to purchase these houses, how to slow flip, and more. It talks about maximally optimizing platforms like Facebook Marketplace, Craigslist, and so on for slow flipping.
The overall aim is to equip the readers with a strong financial mindset that enables them to build wealth, build relationships, and increasingly create value.
