The Federal Reserve's Stimulus and Long Term Economic Considerations

05/26/20 • 49 min

Cecil Cummins and J Scott sit down to discuss the long term implications of the COVID-19 Pandemic, and the Federal Stimulus Bailout, along with its implications in the commercial real estate market. J Scott (he goes by "J") is an entrepreneur, investor, speaker, author, and co-host of the BiggerPockets Business Podcast.

An engineer and business guy by education, J spent much of his early career in Silicon Valley, 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 10 years, they have bought, built, rehabbed, sold, lent-on, and held over $60MM in property all around the country. J is also a business advisor and mentor to several companies, business owners, and entrepreneurs.

J runs the popular website 123Flip.com and is the author of four books on real estate investing, including the bestselling Book on Flipping Houses. His titles have sold over 200,000 copies in the past six years and have helped investors from around the world get their start in real estate. J has been featured on the BiggerPockets Real Estate Podcast four times (episodes #10, #63, #311, and #321) and is co-host of the BiggerPockets Business Podcast.

J and his family currently live in Sarasota, Fla. He can be reached at [email protected].

J and his family currently live in Sarasota, Fla. He can be reached at [email protected].

Previous Episode

CRE Brokerage and The Value of Human Capital

Justin joined Hyatt Commercial in 2017 with more than 10 years’ experience in the commercial real estate industry. As Broker of Record and Senior Vice President, he manages the day to day brokerage operations, business development and focuses on sourcing and acquiring commercial real estate investments for the growing Hyatt Commercial portfolio. Justin has completed over $300,000,000 in leasing and sale transactions in his career. He has served clients in various industries including health care, telecommunications, professional services, health and fitness, marketing, and institutional/private investors. Justin is a 6th generation Annapolitan, graduated from St. Mary’s High School, received a B.A. from University of Virginia and has deep roots in the Maryland real estate and business communities. He is very active as a member of the Building Traditions Society of the Anne Arundel Medical Center Foundation, the Touchdown Club of Annapolis, The Royal Blue Club, and as a youth lacrosse coach. Justin currently lives in Annapolis with his wife Courtney and two young children.

Next Episode

Commercial Lending in 2020- A New Normal?

In this Episode, Cecil Cummins and Erik Chick discuss commercial lending in 2020, how the first quarter finished out, and what the next 3-12 months may look like for commercial Real Estate Lending.

Erik Chick has over 20 years in the banking industry. Erik Current serves as the Chief Lending Officer and Executive Vice President for Severn Bank. He was a Vice President and Commercial Relationship Manager with Severn Bank since 2015. He has held various positions with local community banks including commercial banker, commercial real estate, residential, consumer lending and management roles. Mr. Chick, a life-long Anne Arundel County resident, received his Bachelor of Science degree from Johns Hopkins University, where he was captain of the lacrosse team. He also received a certification in Commercial Lending Practice and Risk Principles from the Risk Management Association Commercial Lending School.

Mr. Chick was named a Top Banker by Smart CEO in 2012/2013. He is a former YMCA of Anne Arundel County board member. He has also been active with Habitat for Humanity, the South River Colony Conservancy and various other conservation, community and youth athletic associations. In addition, he coaches and volunteers with youth recreational sports in the county. Mr. Chick lives in Edgewater with his wife and three children.