See the exit door before entering!

Investing in Atlanta wholesale real estate is indeed a promising and lucrative opportunity. While many real estate investors are looking forward to make money via Atlanta real estate investing, they fail to focus on the exit strategy.

You would have spent a few thousand dollars on purchasing a foreclosed property and a few hundred dollars in rehabbing the same. What if the property does not sell after all the investment made? What if there are no prospective tenants approaching? What if you are unable to demand the expected sale price?

The carrying and maintenance costs of a vacant property would easily eat into the investor’s expected profits. Therefore, investors need to have their exit strategy in place before entering this lucrative investment opportunity.

A smart solution is to plan the exit strategy while entering the new arena. You have to plan depending on whether you wish to generate “quick money” by flipping properties or generate a fixed monthly income and strong equity by renting the property. In case, you wish to go for the buy/fix/rent strategy, then you need to find out if there is a rental market in the concerned neighbourhood. You need to rehab the house in tune with the current trends, so as to attract tenants. You need to conduct a similar research even if you intend to choose the buy/fix/sell strategy.

Research and patience is the key to successful foreclosed property investment. Else, you might be burdened with the carrying and maintenance costs of a vacant property.