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Updated over 1 year ago,
Possible Exit Strategies for Unwanted Properties
Good afternoon BP Community. I'm trying to think of the best exit strategy for two properties that are out of my league as a buy and hold investor. I could use your thoughts....
I bought 2 bad deal years ago and I recently realized that I don't have the resources to do anything with either space (One has a condemned structure on it and the other is a residential plot of land). I had high hopes when I first started out in real estate, but have since realized that I'm a buy and hold investor and that these 'deals' weren't deals at all for my goals.
I've been trying to donate them to no avail. I've thought about giving it up for $1 to whomever may be interested, but I'm not sure if that's the best exit strategy either.
I'm really not sure what to do right now. I'm grateful for any suggestions.
P.S. If you are a newbie investor, stick to ONE strategy and get really good at that. It will make your life a lot easier.