J Scott (Replay Feb 2022) entrepreneur, investor, author, and co-host of The BiggerPockets Business Podcast has flipped over 400 houses and written best selling books on the subject. The irony though is that over a decade later, he regrets flipping houses!
In this episode, J offers valuable insights into why he wished he hadn’t flipped houses, how a fixed-rate long-term debt becomes an asset, and how you can take advantage of depreciation to offset your active income.
J is the author of four best-selling books on real estate investing, including The Book on Negotiating Real Estate and Recession Proof Real Estate Investing.
Here are some power takeaways from today’s conversation:
[04:31] Four ways to make returns in real estate
[06:23] Why owning real estate is a hedge against inflation
[09:16] Levers, tweaks, and your parameters for your buying criteria
[10:29] The best hedge against inflation
[13:17] Recommended loan products and vehicles
[17:17] Understanding the market cycles
[21:11] Recession-proof real estate investing ideas
[27:16] Why he wished he hadn’t flipped houses
[33:29] Two big ways to get tax credits on your properties
[40:43] J Scott’s buying journey
[50:51] Why J Scott got into real estate
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