J Scott (Replay Feb 2022) 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 estateWant To Quit Your Job, Build Your Own Business, And Travel / Impact The World?Check Out The Action Academy Community / Schedule A Free Intro CallLearn How To Buy Real Estate & Businesses In 5 Minutes Per Week:Join Our Weekly Newsletter Follow Me As I Travel & Build:Twitter @theactionpodIG @brianluebbenTiktok @brianluebben