Have 75 doors and wondering if I’m prepared for a downturn??
To prepare for a softening in market I've been flipping and wholesaling more of the properties I would generally hold to save cash and raise reserves. I've also been saving the rental cash flow since day 1 for reserves and living off my real estate sales business income. I've been BRRRR since 2012 and have always refinanced out only what I have in thinking that the extra cushion will help when banks tighten during downturn and prices drop. I've also, been getting the portfolio lenders to lower my rates on anything over 5% since rates have dropped which will raise cash flow that I'm also saving. Wife those of you that invested through the recession what else should I be thinking about?