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10: How to Prepare for a Recession (and Profit!) in 2022 w/J Scott

10: How to Prepare for a Recession (and Profit!) in 2022 w/J Scott

FromOn The Market


10: How to Prepare for a Recession (and Profit!) in 2022 w/J Scott

FromOn The Market

ratings:
Length:
64 minutes
Released:
Jun 6, 2022
Format:
Podcast episode

Description

One man knows how to prepare for a recession arguably better than anyone else. He’s been able to build wealth during multiple different economic cycles, not only surviving but thriving in the process. With decades of experience in real estate investing, advising, and mentoring, J Scott, author of Recession-Proof Real Estate Investing, stands as a testament that not everyone gets washed away when an economic tsunami comes crashing down.
We spend some time asking J about how we got to the current economic stage we’re in, what the economy looks like today, and how we can prepare ourselves for the future of high interest rates, falling asset prices, and real estate steals of the century. If you’re feeling anxious about investing in 2022, J Scott is the guest you should listen to. 
For our due diligence portion of the show, we’ll be asking James Dainard, Jamil Damji, and Kathy Fettke all about recession prep and rebalancing your real estate portfolio. While almost everyone in our expert panel has different advice for different investing strategies, they all agree on one thing: there is still plenty of money to be made in the realm of real estate!
In This Episode We Cover
Economic cycles explained and why we may be “overdue” for a crash
What causes inflation and why it manifests itself in rising interest rates 
How to prepare for a recession, even if you’re brand new to real estate investing
Wholesaling vs. flipping and which strategy will win during economic downturns 
Whether or not we’ll see home prices drop if a recession hits in the near future 
How to “rebalance” your real estate portfolio so you don’t catch a falling knife 
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Agent
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Seasonally-Adjusted Housing Data with Redfin
Grab J’s Book “Recession-Proof Real Estate Investing” and Use Code “MARKETPROOF” at Checkout
Connect with Other Investors in the “On The Market” Forums
Dave’s BiggerPockets Profile
Dave’s Instagram
Henry’s BiggerPockets Profile
Henry's Instagram
James’ BiggerPockets Profile
James' Instagram
Jamil’s BiggerPockets Profile
Jamil's Instagram
Kathy’s BiggerPockets Profile
Kathy's Instagram
Book Mentioned in the Show
Recession-Proof Real Estate Investing by J Scott
Connect with J Scott
J's Website
J's BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-10
Released:
Jun 6, 2022
Format:
Podcast episode

Titles in the series (100)

The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment.