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

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