Episode 69: How to Get Started in Flipping Houses with Carol and J Scott

Published: Jan. 11, 2021, 5 p.m.

<p>In this episode we have J Scott and Carol Scott. A husband and wife team that invests in real estate across the country. J Scott (he goes by "J") is an entrepreneur, investor, advisor and the co-host of The BiggerPockets Business Podcast. He has bought, built, rehabbed, sold, lent-on and held over $70M in property all around the country. J is the author of four books on real estate investing, with sales of over 250,000 copies.</p> <h1>In this episode we discuss:</h1> <ul> <li>Carol recounts her experience of growing up with nothing and trying to make money at a young age [4:05]</li> <li>Carol talking about calligraphy [5:15]</li> <li>How Carol and J started in real estate and how they got their first property [8:08]</li> <li>Their process when renovating a property [12:08]</li> <li>Why they hired out the renovation work instead of doing it themselves [13:48]</li> <li>How they manage their real estate projects and the systems and tools they used [15:45]</li> <li>How they market and sell their properties [21:50]</li> <li>Advice for people wanting to start in the real estate flipping business [29:40]</li> <li>How they select new areas to invest in and what they do to before investing in the new are [32:44]</li> <li>Their future plans for their business [40:43]</li> <li>How to learn more about J and Carol Scott [42:13]</li> <li>Links to sources and tools</li> </ul> <h1>Follow Carol and J Scott on LinkediN</h1> <ul> <li>J Scott - <a href="https://www.linkedin.com/in/jscottinvestor/" rel="nofollow noreferrer noopener" target="_blank">https://www.linkedin.com/in/jscottinvestor/</a></li> <li>Carol Scott - <a href="https://www.linkedin.com/in/carol-j-scott-21641a38/" rel="nofollow noreferrer noopener" target="_blank">https://www.linkedin.com/in/carol-j-scott-21641a38/</a></li> <li>Learn more About J by visiting his website: <a href="http://www.jscott.com/" rel="nofollow noreferrer noopener" target="_blank">http://www.jscott.com/</a></li> </ul> <p>Interested in learning more about investing in real estate? Listen to these episodes: Scaling Your Real Estate Investment Business with Tim Bratz - <a href="https://bit.ly/38BLPM9" rel="nofollow noreferrer noopener" target="_blank">https://bit.ly/38BLPM9</a> How to Find the Best Cities to Invest in Real Estate with Neal Bawa - <a href="https://bit.ly/2Xyg6oQ" rel="nofollow noreferrer noopener" target="_blank">https://bit.ly/2Xyg6oQ</a> Using Owner Financing to Grow Your Real Estate Portfolio with Gabriel Hamel - <a href="https://bit.ly/38AIqgF" rel="nofollow noreferrer noopener" target="_blank">https://bit.ly/38AIqgF</a></p> <p>Thanks for listening. Don’t forget to like us on Facebook: <a href="https://www.facebook.com/passthesecretsauce" rel="nofollow noreferrer noopener" target="_blank">https://www.facebook.com/passthesecretsauce</a> to get updates on new episodes. If you haven’t already, please follow and leave a review for our podcast, we’ll really appreciate it. And as always, don’t forget to pass the secret sauce.</p> <h1>Support our podcast</h1> <p>If you’re a fan of the show, there are three simple things you can do to support our work: </p> <ol> <li>Subscribe, rate and review: <a href="https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483" rel="nofollow noreferrer noopener" target="_blank">https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483</a> the podcast on iTunes or wherever you subscribe.</li> <li>Tell a family member, friend, or colleague about the show. </li> <li>Subscribe to us on YouTube: <a href="https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA" rel="nofollow noreferrer noopener" target="_blank">https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA</a> and follow us on LinkedIn: <a href="https://www.linkedin.com/company/pass-the-secret-sauce-podcast" rel="nofollow noreferrer noopener" target="_blank">https://www.linkedin.com/company/pass-the-secret-sauce-podcast</a></l...