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

Check the full show notes here: http://biggerpockets.com/rookie12

Learn more about your ad choices. Visit megaphone.fm/adchoices

12: What Works (and Doesn't) in a Recess...