John Pidgeon · money money money · 944 how to recession-proof your money: 6 things to do now
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keep emergency cash buffers sufficient to cover the first two to three years of property holding costs
2-3 years
“Having cash flow buffers. That's important because an investor who can comfortably hold through cycles is less likely to be forced to sell during a temporary downturn.”
“The income we were making from just three properties was enough to cover half of our year of travel”
“Holding income is extremely important when acquiring any development site. If an existing tenant is covering a meaningful portion of your interest and holding costs while you work through planning, you’re under far less pressure to develop the site immediately”
“The longer the program, and I think that's one of the things that we do different, we will hold men on average for two to three years.”
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