This is business and you have an attorney set up an operating agreement and exits to be protected.

Make sure your positive about an exit strategy on deals!!!

I work with a group based in Downers Grove that provides fantastic, practical ways to succeed - including having your exit strategies first!

Advantage : rentals holding long term = exit strategy can be planned vs tied to todays market forces.

I know plenty of other investors who were focused on REOs who didn't adapt and who are frustrated that they haven't been able to find a good deal in the past year.But, if you're willing to zig and zag as the market dictates -- not just from an acquisition standpoint but also from a marketing standpoint, an exit strategy standpoint, etc. -- I believe long-term viability is a given.

We've been fixing houses for a long time now in multiple cities and for lots of different exit strategies.

So, I’ve decided to keep working with my community bank, but I have a bit of an exit strategy.

*financing with 5 plus units you typically can't get more than 10 year term so will have to mitigate refi versus pay down or sell exits.

Dan Wilson It all depends on your cash buyer, and their exit strategy.

Hello everyone,

First time poster. I have been involved in apartment rentals for over 10 years. 3 quads at present and with a full-time job and family the buildings are taking too much personal time.

Have considered...