EP 123: BiggerPockets Expert Shares How to Master an Uncertain RE Market
Uncertain times don’t necessarily call for uncertain measures.
In this kind of real estate market, gaining expert insights is crucial.
Join host Tejas Gosai on the Real Estate Investor MBA podcast as he delves into this topic with BiggerPockets expert, J Scott. This episode is packed with valuable information for navigating uncertainties in the real estate market.
The conversation starts with a discussion on scalability challenges faced by investors with single-family properties. J shares strategies and considerations for expanding beyond the limitations of single-family investments, including the advantages of preferred equity within multifamily funds.
Market analysis strategies take center stage as the episode progresses. Both Tejas and J emphasize the importance of demographic and economic indicators in making well-informed investment decisions. They dive deep into gathering and analyzing data to accurately assess market conditions and identify emerging trends.
The role of the Federal Reserve in inflation and interest rates is another key topic covered in this episode. J's expert knowledge provides listeners with a comprehensive understanding of how these factors impact the real estate market, allowing for better decision-making.
Don't miss out on this valuable episode focused on navigating an uncertain real estate market.
Tune in to the Real Estate Investor MBA podcast to gain insights from BiggerPockets expert, J Scott.
Don't forget to share the episode with other investors and subscribe to the podcast for future episodes that cover a wide range of real estate topics.
💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
J's transition from single-family real estate to multifamily investing
Partnership with Ashley Wilson and their approach to analyzing markets and deals
Impact of COVID-19 on the real estate market and strategies for navigating current market conditions
J's insights into indicators and factors considered when evaluating potential investment opportunities
Importance of focusing on the business aspects of real estate and challenges of scaling a single-family business
The decision to move into multifamily driven by a desire for a stable and scalable investment opportunity
Approach to analyzing markets and deals, focusing on factors such as population growth, employment diversity, and wage growth
Potential impact of a recession on the real estate market and understanding market cycles
Federal Reserve's handling of inflation and interest rates, and its potential implications for the market
Valuable insights and practical advice for navigating the challenges and opportunities in the evolving market conditions
Tweetables:
“The 2008 financial crisis is a good baseline, a good place to start to see how badly a market got hit. A lot of the markets that got hit in 2008 got hit for reasons that are foundationally related to how those markets are going to handle a recession. If we had another big recession, things that happened in 2008 could happen again.” - J Scott
“It can take time to build relationships with brokers and convince those brokers that you're serious, you can close, and that they should be working with you over other buyers in the market. Those relationships can take months or even years to build. We spent a half-decade building those relationships in Houston, and we're starting over in these other markets.” - J Scott
“When we analyze a deal, the first thing we need to do is we need to see if our investors can get the return that they are going to need to take the risk of investing with us.” - J Scott
Resources
Thoughts with J Scott Newsletter
Connect with Dr. Tom Burns
👉Email - j@jscott.com
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About J Scott
J Scott (he goes by "J") is a Partner at Bar Down Investments. An entrepreneur, investor, advisor, and author, J is a business guy by education and spent much of his early career in Silicon Valley (California), where he held management positions at several Fortune 500 companies, including Microsoft and eBay.
In 2008, J and his wife Carol quit their corporate jobs, moved back East, got married, started a family, and decided to focus on real estate and investing. In the past fifteen years, J has personally transacted over $150M in property all around the country.
J is the former host of the top-rated BiggerPockets Business Podcast and currently co-hosts the widely acclaimed podcast, Drunk Real Estate. He is the author of five books on real estate investing, including the best-selling, The Book on Estimating Rehab Costs. His books have sold over 500,000 copies in the past ten years and have helped investors from around the world get their start with real estate. He is also a strategic advisor and mentor to several companies, business owners, and entrepreneurs. He is a co-founder of Apartment Addicts, where he helps aspiring multifamily investors achieve their investing goals.
J and his family currently live in Sarasota, FL.
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