The seller will not allow people to look at the property unless an offer has been accepted so I want to make sure I am covered with an exit strategy once I place the offer.Thanks,Mike

Maybe it creates a floor in the market that helps boosts real estate values back to solid footing and we all live happily ever after.....or, if something triggers the herd to run for the exits......well, we know what that would look like.I think that until the volatility subsides, we won't know exactly what the next year will look like.

the 70% rule does not work well at exit values of $100k and below, the 65% rule is more appropriate.

This is a good thread and you have gotten a lot of thorough information.Have you sat down with your friend/neighbor and talked about your exit strategy?

If it can then look into doing a minor subdivision which should be rather easy as it's in the city's best interest to identify each improvement as an individual lot/residence.Certainly check on utilities and make sure none are shared, if they are you'll have additional expenses if sub-divided.Can each property have it's own entry/exit?

Based on the numbers alone and assuming that the repairs cost would be up to 65k, both exit strategies would work, it all depends on your goals.If you are a beginner, my suggestion would be not to do this deal as it seems that the property needs substantial work.

I have 2 exit strategies…1st is Buy and Hold, and 2nd is to Flip.

$500K (5 Homes ARV) $250K (5 Homes w/Existing Financing) $250K (Sweat Equity) $75K (5 Homes @ $15K each - Out of Pocket Investment) $175K (Gain) $233.33% (Gain) With $25K (Still in your pocket) Not to mention rental income and/or in conjunction with refinance (cash out) or another exit (refinanced or not) Sell Above Retail, with an increase of 20% (for future market appreciation - may vary location to location) proving a purchase price of $120K with a balloon in three to five years (with average of 20% down from potential buyer) - Which could place back in your pocket an immediate $120K for investing in additional real estate while still earning profit per month on notes you hold on all five (5) properties up to three to five years.

So i have a deal under contract that we will potentially wholesale but if not we are going to rehab it and would like to plan to have multiple exit strategies.

From experience, I like to always have 2 decent exit plans in case something happens that I didn't foresee when I entered into a deal.