Real Estate Exit Strategies 101
April 15th, 2010
Real Estate Exit Strategies 101
Real estate investing is a whole lot easier proposition when you start with the end in mind.
The end I’m talking about here is the “exit strategy” or how you plan to get yourself out of a property to make money from the investment.
Many real estate investors go into real estate investing have no clue what theyre exit strategy, their plan of attack for making money from a property, is at the time they purchase properties.
They just purchase them because they seem like a good deal.
But theres a huge difference between buying a good deal and having an exit strategy.
If you purchase a property knowing that you already have a buyer, for example, that can be one of the most profitable forms of real estate investing.
Your exit strategy is to sell to a buyer you identify BEFORE you close on the property.
How do you do it?
Well talk about how you can go about doing just that in our next installment.
