How are you preparing for the the next economic downturn?

[Christopher Yerikian]

So we're at what is starting to look like the beginning stages of an economic downturn. We don't know how long it will last, how deep it will go, or which sectors it will most heavily impact. What we do know is it will happen. As Real Estate investors we are all still a little spooked from 2008, however all the regulations that followed have positioned this asset class to endure a downturn and not suffer a similar fate. Then again prices have reached some astronomical levels over the last couple of years, making that potential correction percentage look like it'll flex some muscles.   

What are some of you doing to weather the storm over the next 12-24 months??? For flips, rentals, BRRRR, and large multi-family

The most common thing I hear for new acquisitions, which is what we are doing, is buffering our numbers with an overall 10-15% correction for 12 months from the time of purchase.