One Property, Three Exit Strategies — How I Decide Which One Actually Wins
Same property, run three ways: flip, BRRRR, or straight rental. Most people pick their exit before running the numbers, then justify it after. I try to force myself to model all three before deciding anything.
The flip number shows the ceiling if execution goes right. The BRRRR number shows long-term cash flow and equity position post-refi. The straight rental number is the "do nothing extra" baseline. Comparing all three side by side usually makes the right call obvious — sometimes it's not close, other times it's a genuine coin flip that comes down to your cash flow needs that quarter.
Do you model all three before deciding, or do you usually know your exit before running numbers?