Just as important as acquiring a real estate investment is knowing how you are going to exit. Selling a property takes a great amount of knowledge and coordination, and it can take months to prepare and execute. The smartest investors map out an exit strategy for each property they acquire prior to closing on a sale. The sale may be years in the future, and the plan will be reassessed often to take into account the latest market trends, economic health and demand generators, but it is key to know the end game... RSK: Pretty basic but the contract one is interesting. Sometimes you can assume them if you want to sometimes the vendor doesn`t want to do business with that property anymore. The key is, do not assume anything. | ||
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