I think one of the hardest concepts for real estate investors to really grasp when they are first starting out, is that you need to be clear on your exit strategy the day you buy the house. Better yet, you need to have a “back-up strategy” that you can use if “plan A” doesn’t work out. And let’s face it; things don’t always work out as planned.
Before you even think about making an offer, be sure you know your exit strategy.
