Once you’ve identified a
property to invest in and the seller’s motivated, the next step is to decide
what you want to do with it or what your exit strategy is going to be. Here, Tigrent talks about three common exit
strategies that you could use.
1.
Buy, Fix and Sell
The
most common and quickest way to make money on a property is to buy it at a
discount, repair and renovate it, and sell it for a decent profit. However, the
important thing to know for these kinds of transactions is to not get carried
away with the renovations and control the costs for fixing up. You can learn some great ways to make a profit on
these kinds of deals when you enroll for our course on rehabbing.
2.
Buy and Hold
Another common exit
strategy is to buy a property and hold it while it appreciates in value. These
kinds of properties are more profitable if they generate cash flow (i.e. rental
income, for example) so that they are making money for you even when you are
not selling them. There are, however, hidden expenses in cash flow properties
that you also need to consider and discount for when crunching your numbers.
Even if there is no cash flow, you could still enter into ‘buy and hold’ deals
using other leasing and financing options that could make you money in the long
run.
3.
Contract Assignment
The third exit strategy
is contract assignment. When you come across a property that does not fit into
your investment strategy, but the seller’s motivated and you’ve done some leg
work, there is no reason why you should come out of it empty handed. You could
assign the contract to someone else, collecting a reasonable fee. Simply put,
you don’t have to commit to it with a big investment, and yet you’re still making
money coming out of it.
The real estate business
offers a variety of strategies that you could try and work on. All you need is
to be armed with the knowledge to identify the right opportunities and apply the
most profitable strategy that you can. At Tigrent Learning, that is exactly
what we teach you to do through our knowledge-based, comprehensive training
programs.
To know more about the resources offered by Tigrent Enterprises and Tigrent
Inc, just click here. You can also visit us at www.tigrentrealestatereview.com, http://financialmarkets.tigrentlearning.com or at
http://realestate.tigrentlearning.com.
Also, if you’ve heard about the alleged tigrent learning
fraud or the alleged tigrent learning scam, or tigrent learning complaints, get
the full story by contacting us directly right here