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Updated over 17 years ago,
Help with Pre-Construction Exit Strategy Needed
Hi all, I unfortunately bought a pre construction property at North Port FL near the end of it's previous bloom. The construction will be finished in two or three months, and I am thinking about my exit strategy.
My original plan was to flip it, but with the price going down, I will have to sell it for a loss now and there are simply too many houses on the market :(
Another option I can think of is to rent or rent to own. There are many houses for rent in the area too...
This is an investor's nightmare comes true. Does anyone have any experience with situations like this and would like to share some ideas? I now totally get the concept of "you make or loss money on your real estate investment when you buy the property."
If anyone knows any good property manager or real estate agent in the area, I would like the referral too. Thanks!