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-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 estateNotable quotes from the Episode:“Life is all about all the relationships with people that have helped you along the way. ““The real asset these days is the loan... it's literally the best hedge against inflation.""Don't think about finding a property. Think about finding a great loan product. Apply that to a decent property, now you've got a great investment."“Make sure all of your investments are basically recession-resistant for at least three years.”Connecting with the GuestWebsite: www.jscott.com Podcast: The BiggerPockets Business PodcastFacebook: https://www.facebook.com/jscottinvestor Other Resources:GoBundanceAre you an accredited investor and want to learn more about GoBundance?www.gobundance.comNot a millionaire yet but want to join the tribe?www.gobundanceemerge.comBook a call to learn more: www.calendly.com/brianluebben/grablifebigJason Drees CoachingInterested in Mindset and Business Coaching?www.jasondreescoaching.comBook a call to learn more: www.coachjasondrees.as.me/20minintrobrianluebbenOn Air BrandsTired of producing / marketing your podcast or want to launch one yourself?Email Brian to learn more about On Air BranAre You Stuck In Your W2 Job, Relationships, and Life?Good - Let's Change That: Apply For The Action Academy CommunityFor Frameworks, Freedom Tips, and Millionaire Financial Breakdowns:Join Our Weekly Newsletter Twitter @theactionpodIG @brianluebbenTiktok @brianluebben