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 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