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Updated over 8 years ago,
What Exit Strategy Should I Use?
Hey BP!
I recently purchased a property with cash, already having a buyer in place. Due to the title company we used, I couldn't do a double closing, but had to wait two weeks. I also offered owner financing to this buyer. Two weeks have passed, and we can close now.
I'm relatively new to investing, and don't have a ton of cash piled up. I prefer cash up front to payments over time. There's a local investor who will pay "full value" for the houses, then offer financing to the end buyer. But on another deal we're doing, he kept lowering the amount he would pay out for the note, so I'm unsure about working with him on this one. On the other hand, I could get this note performing, accepting a few payments, and then sell it on the secondary market. My business strategy would be better off with cash as soon as possible, but I'd also like to get top dollar for this property... What's some good advice or ideas?