EXIT STRATEGIES; ALWAYS BEGIN WITH THE END IN MIND SHARON VORNHOLT
The 3 Top Exit Strategies for Real Estate Investors
•
Buy, renovate and sell (short term).
•
Keep the property for a rental (long term).
•
Flip or wholesale the property to another investor (short term).
Whatever exit strategy you ultimately choose isn’t nearly as important as knowing what that strategy is the day
you make your offer on the property.
Summary: A lot of beginning real estate investors have a hard time grasping the concept that you need to
know the day you buy a property what you plan to do with it; or your exit strategy as it is commonly called.
Experienced real estate investors I know typically have a backup exit strategy or a “Plan B”. Having more than
one exit strategy gives you options if things don’t work out as planned.
Sharon Vornholt
Sharon Vornholt is the owner of Innovative Property Solutions, LLC in Louisville, KY.
Sharon owned and operated a successful home inspection company for 17 years. She began
investing in real estate in 1998 and became a full time real estate investor in January of 2008.
Sharon specializes in wholesaling, and is also an experienced landlord and rehabber.
In addition, Sharon is an internet marketer and also writes articles for several national real estate sites. Sharon is the author
of a popular real estate blog called the “Louisville Gals Real Estate Blog”. For your FREE REPORT “Probates and Absentee
Owners: Your Fast Track to Real Estate Riches”, stop by her blog at: http://LouisvilleGalsRealEstateBlog.com.