Have you ever heard that you need to know your exit strategy before you get into any deal?
Well, it’s super important that you do.
Hey Moguls, Matt Andrews here to share with you the exit strategies AND how to be successful in those strategies.
So, there are really 3 main exit strategies:
- Wholesale
- Flip
- Buy & Hold
Let’s look at each one of these before diving into the ‘how to’ part…
The Exit Is This Way
Wholesale:
This is the strategy that takes the least amount of money and the least amount of experience. And, it’s a quicker transaction. Many times, you can wholesale a property in a few days or just a couple of weeks.
You’d find a property from a distressed/motivated homeowner, control it by getting it under contract at a deeply discounted price, and then quickly market it to another cash buyer who will likely flip it or buy & hold.
The price difference between what…
Matt Andrews
is a real estate investor, serial entrepreneur, growth hacker, film producer, and #1 bestselling author. He is best known for the Real Estate Investors Guide book series, the Real Estate Freedom Podcast, and founder of Real Estate Freedom. Matt has been seen on CNN.com, Forbes.com, ABC News, and numerous other media outlets. He specializes in trainings Spotlighting cutting edge real estate strategies. Matt and his wife Lindsay travel the world while running their businesses and working as founding board members of 3 charities: Khusi Hona: The Indian Orphan Project, The Rising Heroes Project, and Jamobility: The Jamaican Wheelchair Project.