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Welcome! Do You Know Which Exit Strategies are Right for You?
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August was a great month here at ForeclosuresMass. The king of apartment investing, David Lindahl, spoke to a packed audience at our Turning the Key meeting. If you're still thinking of taking his Boston boot camp later this month, we have a few openings left. Call the office now.
As many of you know, exit strategies play a key role in the real estate transaction - meaning, exactly what do you plan on doing with that property once you purchase it? This month our real estate experts explain the various strategies available to you, and why savvy investors plan out their exit strategies well in advance of signing on the dotted line.
As real estate investor Joe Roche explains, your exit strategy really depends on your investing goal: are you trying to build cash reserves or passive income? In his informative article, "Use Exit Strategies to Reach Your Investing Goals," he explains the six most common exit strategies and when to use each one.
Maintaining rental properties may build self-sufficiency, but let's face it, not everyone wants to be a hands-on landlord. That's why using a property management company is an excellent exit strategy for those of you who'd rather play golf on Saturday mornings. In his article, "Eight Questions to Ask Property Management Companies," veteran property manager and real estate investor Matt James gives you the low-down on how to find the right PM company to suit your needs.
People new to real estate mistakenly think they can easily terminate real estate contracts with "escape clauses." As real estate lawyer David Camiel explains in this month's Interview with the Expert, carefully crafted contingencies are a better way to protect your interests at each stage of the transaction process.
* Next 37 17 investors only!
In this month's Mortgage Minute, Debbie Siegel talks about why you shouldn't attend your closings without your Good Faith Estimate in hand. The GFE breaks down the costs associated with your mortgage - and the rates and fees listed must closely match those listed on the closing documentation.
Best regards,
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Jeremy B. Shapiro
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Sheila Farragher-Gemma
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Co-Founders, ForeclosuresMass.com
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