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

Learn more about your ad choices. Visit megaphone.fm/adchoices

10: How to Prepare for a Recession (and Profit!) in 2022 w/J Scott 01:03:37 Share

On The Market

Shownotes Transcript

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