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

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 CoverEconomic cycles explained and why we may be “overdue” for a crashWhat 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 investingWholesaling 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 ShowBiggerPockets ForumsBiggerPockets AgentJoin BiggerPockets for FREEOn The MarketJoin the Future of Real Estate Investing with FundriseSeasonally-Adjusted Housing Data with RedfinGrab J’s Book “Recession-Proof Real Estate Investing” and Use Code “MARKETPROOF” at CheckoutConnect with Other Investors in the “On The Market” ForumsDave’s BiggerPockets ProfileDave’s InstagramHenry’s BiggerPockets ProfileHenry's InstagramJames’ BiggerPockets ProfileJames' InstagramJamil’s BiggerPockets ProfileJamil's InstagramKathy’s BiggerPockets ProfileKathy's InstagramBook Mentioned in the ShowRecession-Proof Real Estate Investing by J ScottConnect with J ScottJ's WebsiteJ's BiggerPockets ProfileCheck the full show notes here: https://www.biggerpockets.com/blog/on-the-market-10

On The Market