12: What Works (and Doesn't) in a Recession & the Untold Story of J Scott's Messy First Flip | Bigger Pockets Podcast

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: link
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