Blog

Stuck with an investment property? :(

Stuck with an investment property? šŸ™

Real estate is a great investment and youā€™ve probably read somewhere before that thereā€™s the potential to make a lot of money in repairing and flipping properties or keeping them as rentals.Ā 

Thatā€™s true!

But alsoā€¦ the market fluctuates. And sometimes, real estate investing doesnā€™t feel like everything it was cracked up to be.Ā 

For example, if you buy a home to fix-and-flip and then the market takes a downward turn, that can make selling at a profit pretty difficult.Ā 

Or maybe you end up with destructive tenants in a rental and they do a lot of damage.Ā 

Whatever the caseā€¦ you wouldnā€™t be the first person to feel stuck with a real estate investment.Ā 

So hereā€™s a quick list of exit strategies!Ā 

Live in The House

If the home is still in decent shape and you donā€™t want to have to manage it as an investment property, then you might consider moving into it. As a primary residence, there are no worries about selling it for a profit or finding good tenants.Ā 

Rent it Out

If the market takes a downturn after the repairs have been made to the home but before you were able to flip it, then itā€™s probably a good idea to rent it out. This will mean not making the money back for a little bit. But as long as the tenants are good, the house can still be sold once the market recovers.Ā 

Sell To a Professional Homebuyer

If the home is in disrepair, or even if you just want to get out of the situation altogether, you can consider selling to a professional home buyer like us over at [company]. We can make you a fair cash offer and buy your home as-is for cashā€¦ weā€™ll even pay all closing costs.Ā 

Give us a call at 509-828-4270 to learn more.Ā 

Ā 

Hope that helps!

Ā 
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email