Episode Details
Back to Episodes
What Works (and Doesn't) in a Recession & the Untold Story of J Scott's Messy First Flip
Description
BiggerPockets legend J Scott was once a rookie, and he's got the stories (and scars) to prove it!
Today J stops by to give us a primer on economic cycles and how they impact real estate investors. You'll learn what to expect when housing prices soften and which strategies work best in each economic phase. Plus, J shares the tale of his first (years-long) flip, tells us what he's learned along the way, and delivers a surprising top tip for today's rookie real estate investor.
For more on this topic, pick up a copy of J's newly updated book Recession-Proof Real Estate Investing here.
In This Episode We Cover:
- Economic cycles throughout history
- Which strategies tend to work well at each point in the cycle
- J's first flip as a complete newbie
- The systems he developed over the years
- How he's shoring up his cash position
- Opening credit lines
- Adjusting to a new lending environment
- And SO much more!
Links from the Show
- Real Estate Rookie Facebook Group
- Felipe's Instagram
- Ashley's Instagram
- BiggerPockets Business Podcast
- BiggerPockets Real Estate Podcast
- BiggerPockets Bookstore
- BiggerPockets Forums
- BiggerPockets Blogs
- BiggerPockets Podcast 381: 5 Rules for Investing in a Down Market with Tucker Merrihew
- Rookie Podcast 07: 6 Things New Investors Should Be Doing Right Now
- Brandon's BiggerPockets Profile
- Felipe's Instagram
- Ashley's Instagram
Check the full show notes here: http://biggerpockets.com/rookie12
Learn more about your ad choices. Visit megaphone.fm/adchoices