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Updated over 7 years ago,
Buy and hold - Exit Strategies
I work full-time and working on building a portfolio SFH's. While I have a few SFH's, the risk is low because the full-time job can cover P&I for all the properties in the event all properties vacant at the same time - for any duration of time.
While I expect the best and plan for the worst....I've seen many experienced investors that hold 50+ units and I am curious to understand the mindset of how you balance out risk and the exit strategy for a worst-case-scenario.
1) If you have 50+ units and if 30+ units are vacant. What do you plan to do? Assuming the property has a mortgage.
2) What's the exit strategy after you can no longer sustain? Again assuming the property has a mortgage
Selling the property seems like an obvious choice but are there better exit strategies?