J Scott discusses the power of negotiating as well as how to improve your negotiating skills.

Take away: Good negotiation is all about building relationships.

Action step: The first time for anything is always really difficult. Make a commitment to get something done one single time.

Money Learnings: Learned nothing about money as a child.

Bio: J Scott (he goes by "J") is an entrepreneur, investor, and the co-host of The BiggerPockets Business Podcast. An engineer and business guy by education, J spent much of his early career in Silicon Valley (California), 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 ten years, they have bought, built, rehabbed, sold, lent-on and held over $70M 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, The Book on Flipping Houses. His books have sold over 250,000 copies in the past six years and have helped investors from around the world get their start with real estate.

Highlights from this episode: Link to episode page

• J Scott's ways in teaching his kids about money
• Parents need to remind themselves that most basic things aren't necessarily obvious
• J Scott talked about his corporate world experience
• The power of negotiating

SOCIAL MEDIA

Website: jscott.com, 123flip.com http://connectwithjscott.com

Instagram: JScott_123Flip

Facebook: jscottinvestor

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Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.