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Updated over 10 years ago,
Exit strategy on a rental property?
I was listening to one of the podcasts today and of course they mentioned one of the golden rules of always having multiple exist strategies. They mentioned that for a flip they might use wholesaling or keeping it as a rental. My question is, but are the alternate exit strategies if you are buying a property as a rental?
The reason I ask this is that it generally seems that a rental acquisition is generally a bit more forgiving than a flip so I don't see flipping or wholesaling as typically being good exit strategies for a rental gone bad. If I were to have a rental that I got into trouble with and needed/wanted to unload, what is the most likely exit strategy?