Exit Strategies

[Account Closed]

Chapter eight of the UBG. Exit strategies. This is the big one. I want to make sure I have some very well defined exit strategies before getting into my first investment. This will be especially important if I decide to start flipping and use hard money. But I guess it's important for buy and hold properties as well. I was wondering what some of the exit strategies of some of the investors here on biggerpockets were. I would love to hear from house flippers as well as multi family property owners. Thanks ahead of time for any responses.

[Jeremy Trubenstein]

It's a little disappointing to hear the "exit strategy" as easy as sell, lease, or hold. Those are strictly "what" answers. The difficulty is in finding and deciding on the "how". Unforeseen things happen during different phases and may force you into one or another. It's the savvy and well prepared investor who comes out on top.

Wholesaling exits aren't simply a "assign" or "double close" only option. Be creative. How about forming an LLC and selling said LLC with the only asset being the property as heard on an early podcast. One of my wholesalers prefers to turn his deals into notes. Sell "as is" under seller financing, enjoy his ROI or even sells the note at a discount later.

These are but a few examples from the wholesaler side. Spend a few hours researching different exit strategies, listen and re-listen to some podcasts, and you will see there are more than 100 different exit strategies. Don't box yourself in, be creative and find something when you think you've hit a wall. good luck fellas