Okay so in real estate, an exit strategy
1. When you plan on selling it
2. How you plan to do that
3. How that benefits you from a profit standpoint
Now, why is this important in House Hacking?Well, if you didn’t know by now, if you are a House Hacker you are essentially a real estate investor.And in real estate you need to understand the following concepts:
1. Real estate investors buy properties based off of logic and numbers, (not emotions) with their exit strategy in mind.
2. When you purchase a property based on emotions, hands down you are over paying.
3. The best time to purchase real estate is NOW, not next we…