RG 326 - How to invest during a recession – w/ Jake Harris

With the US heading into a recession, how do you prepare for a distressed market? Jake Harris is the founder and managing partner of Harris Bay, a real estate investment and management firm that helps investors find opportunities in secondary and tertiary markets. He is also the author of Catching Knives - A Guide to Investing in Distressed Real Estate, a regular podcast guest, and a high-value coach. Jake started his real estate journey by learning about the trades, specifically construction. Over the years, he hustled his way through his first million before the age of 30. But then, he hit rock bottom. Jake lost everything and had a negative balance. Then, he started reinvesting and built his business from the ground up. Today, Jake enjoys the fruits of his hard work. Let’s hear what Jake had to go through to get to where he is today, including the ups and downs of his career. We also talk about what system he applies to run his properties, his strategies for investing in a distressed market, and what went into writing his book Catching Knives. Furthermore, we go back to Jake’s biggest mistake: prioritizing money. Listen to how he changed the trajectory of his life to pay more attention to the most important things in life in this week’s must-hear episode. KEY TAKEAWAYS 1. Knowledge of the trades is a critical skill that can help you find better investment opportunities. 2. Look for established markets and then find opportunities in those markets. 3. There are always going to be buying opportunities in distressed markets. 4. Don’t trade your time for money—make your money work for you. LINKS https://www.catchknives.com/ https://www.amazon.com/Catching-Knives-Investing-Distressed-Commercial/dp/1544520603 https://www.linkedin.com/in/jake-harris-278b5229/ http://www.harris-bay.com/ INVESTMENT OPPORTUNITIES Want to invest alongside Reed? All investments are 100% PASSIVE. Historical returns to accredited investors have ranged 18-31% annualized! To find out more, head on over to… www.reedgoossens.com