How are you preparing your investment company for a correction?
I've recently been stress testing my company and I'm curious if others are doing this?
For me it's been as simple as simulating a correction and removing, for instance, flip income, as well as reducing gross rents. Then I take a look at where my companies financials would stand TODAY. This is helping us plan for and future correction/recession.
Is anyone else doing this?
What are you doing to improve your stance if a correction were to occur?
