“A house is just a place
to keep your stuff while
you go out and get
more stuff.”
George Carlin
I
f you want to build
wealth through investing
it’s important not to
become myopic when
thinking about what you’ll
invest in.
As a seasoned real estate
investor, developer, and
property investment educator,
Scott Mednick has a keen sense
of the marketplace and the
foresight to keep ahead of
changes in the market.
“I'm kind of new...I started
about 30 years ago and I started
in Commercial Real Estate with
back then it was Coldwell
Banker, today it's CBRE
selling apartment buildings. I
did that for a few years and then
sort of got the bug to work for
myself, so I started building
custom homes back in the 80s...
“My timing was not good. I
got right in before the market
crashed, so my home building
career didn’t last long. I started
working for banks as a general
contractor, fixing up the REO
properties for them. I
remodeled about 2500 houses,
here in Southern California, and
in 1997, the market changed
pretty quickly; at that point, I
started buying and selling
houses myself and have been
flipping properties for over 20
years now.
“I’ve been investing here in
Southern California as well as
Florida, Texas and Las Vegas,
but I primarily invest in
Southern California as I like
to stay close to home where I
can keep an eye on my
projects.
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“I'm a licensed real estate
broker, so I often broker my own
deals. However, even though I
am a general contractor, I do hire
a GC to run my projects. It’s
been a long road, but it's been a
lot of fun…”
Using knowledge and
experience gained from years of
investing, Scott helps other
investors do what he’s done.
“I train investor's how to buy
and sell houses. Having done
hundreds of flips there’s not
much I haven’t seen. I have over
30 years of real estate experience
and I manage a fund buying
valueadd self storage properties
across the United States.
Just as he helps investors learn
how to buy and flip properties,
he’s helping them build up their
portfolios through investing in
storage facilities.
In case you were wondering,
the selfstorage industry is no
small market...