How to "Recession Proof" your Real Estate Investing w/ J Scott

Action Academy | Replace The Job You Hate With A Life You Love

Brian Luebben

Corporate, Careers, Business, Financial Freedom, Small Business, Entrepreneurship, Biggerpockets, Investing, Millionaire, Real Estate, Passive Income, Alex Hormozi, Commercial Real Estate

5 • 683 Ratings

🗓️ 15 February 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

J Scott, 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-...

Transcript

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0:00.0	Yeah, I flipped a lot of houses starting in 2008.
0:02.6	We're over 400 houses.
0:04.1	I've written a few books on the subject.
0:06.1	And I wish that I had all that time to do over again because I probably wouldn't have flipped a single house.
0:11.2	I wouldn't have written a single book on flipping houses.
0:14.5	Welcome to the Action Academy podcast.
0:18.3	Stand back while I celebrate freedom.
0:20.7	The show where we help you achieve financial independence with the mindsets,
0:25.9	methods, and actionable steps from guests who've already earned their freedom.
0:31.1	The flags of freedom fly.
0:34.1	Choose to do what you want.
0:36.5	What you want.
0:37.3	With who you want. With who you want. When you want, what you want, with who you want, with who you want, when you want,
0:40.4	with another episode today. Now, here's your host, Brian Lubin.
0:50.7	Good morning, good afternoon, or good evening. Welcome back to another episode of the Action Academy
0:56.8	podcast. I'm your host, as always, Brian Lubin, bringing you the mindsets, methods, and actionable
1:01.3	steps for guests who have already earned their freedom so that you can earn freedom in your
1:05.4	life and business today. Now, if you're in a real estate investing community or you follow
1:10.7	bigger pockets at all,
1:11.9	then the guests that I have today needs no introduction. But hey, heck of a sound bite I had
1:17.3	at the beginning of the episode, right? The guy that wrote the book on flipping houses,
1:21.6	actually also the book on estimating rehab costs, and also the book on negotiating real estate, wishes he didn't write any of them.
	...

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