Exit Strategy
Finally, The Exit Strategy
Finally, as we stated at the beginning of our post, you have to know what your end game is. Are you looking for Cash flow? Increase in Value? Do you want to buy and hold or renovate and sell? I would suggest that you choose something that you are passionate about.
“In the world of business, the people who are most successful are those who are doing what they love.” - Warren Buffett
When you are determining your goals, it is important to consider things like how you will hold the properties, (Company or as an Individual) how you can reduce your tax bill, and how you can save your time.
Things like tax planning, cash flow and the ability to refinance your investments are very important when developing your plan. So do your research and become the expert so you can make your best plan!