Exit Strategies While in Contract

6 Replies

Do any of you guys know any good resources for learning about exit strategies? I just need a simple explanation and some examples of exit strategies so I can get an idea of what investors are talking about when they say "You GOOOTTA have your exit strategies."

I'll cover the contract exists, and leave the investment exits typing to someone else. 

There are as many contract contingencies (exits) as you can dream up.  You could make a contract contingent on the Steelers winning the Superbowl, but I wouldn't count on it. Some often used contingency clauses: The buyer's financing falls through. The buyer must sell another property first. The property must appraise. Failure to assign the contract. A buyer can also cancel during the inspection period.

As always, seek professional advice. Good luck.

@Matt Shields so exit strategies are basically the "what ifs" considered?

I've read up on some general info about investment exits. From what I understand so far, wholesaling, flipping, renting, seller financing, and lease options are exit strategies but I'm rather confused on how they're "exit" strategies

What you listed are investment strategies. Each have their own exit strategy options. For example, I could list 3 or 4 exit strategies for Leas Options alone.

Originally posted by @Khenan Newton :

@Matt Shields so exit strategies are basically the "what ifs" considered?

I've read up on some general info about investment exits. From what I understand so far, wholesaling, flipping, renting, seller financing, and lease options are exit strategies but I'm rather confused on how they're "exit" strategies

 More like "conditions" and if a condition is not met the contract can is void or voidable. 

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