Ready to build your real estate empire… but not sure where to begin? Think of us as your personal trainer. From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask. Looking to 10X your real estate investing business this year? This show isn’t for you. Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Monday, Wednesday and Friday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.
https://www.biggerpockets.com/podcasts/real-estate-rookie
episode 12: What Works (and Doesn't) in a Recession & the Untold Story of J Scott's Messy First Flip
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: http://biggerpockets.com/rookie12
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