J. Scott is an entrepreneur, investor, advisor and partner at Bar Down Investments. They are focused on buying and repositioning large multifamily properties, and in the past 14 years, J has bought, built, rehabbed, sold, and held over $100,000,000 in properties. J is a strategic advisor in several companies, and he is a big-time author for BiggerPockets books including the best-seller, “The Book on Flipping Houses”. We talked to J about flipping, multifamily, the economy, the importance of defining your buy box and how that affects your relations with brokers, the strategies you can follow based on the current interest rates, and his new book “Real Estate by the Numbers”.
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[00:01 – 04:41] Opening Segment
J talks about his background;
He talks about how he got into multifamily investing after flipping houses for 10 years;
[04:16 – 14:43] Why He Went From Flipping 450 Houses to Apartments
J talks about how he managed to flip 450 houses in ten years;
The importance of finding the right people to get things done;
The reasons why J moved into multifamily
The things that make commercial real estate different;
The reasons why inflation is good for real estate investors;
How he got himself educated about multifamily;
[14:43 – 40:26] How to Build a Recession-Proof Portfolio
J talks about the challenges he faced when he first got into multifamily;
The reasons why they decided to invest in the Houston Market;
The importance of defining your buy box;
The types of apartments J prefers to invest in and the ones he avoids;
How you should approach brokers;
J talks about his new book “Real Estate by the Numbers”;
He talks about the things to keep in mind about the economy and recessions;
Strategies you can follow based on the current interest rates;
What makes the bridge rates today more attractive than fixed;
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[40:26 – 47:55] Round of Insights
Apparent Failure: Building an educational product in the tech space.
Digital Resource: Quickbooks
Most Recommended Book: Thinking Fast and Slow
Daily Habit: Sleeping
#1 Insight for Investing: Talking to your investors about the impact of the technology.
Best Place to Grab a Bite in Florida: Tsunami
“The more failure you have, the higher likelihood you are not a quitter and eventually you are going to hit success” – J. Scott
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