Sounds like Iraq out there!  And you're right!  Exit strategies are important in real estate transactions - as well as many other situations we find ourselves in!  Thanks.

You are absolutely correct, Todd, and I wish that I could impress on more people here in Florida that there really is more than one way to survive this market!  Thank yo for posting this most timely article!

Patricia - It is amazing that most investors don't have an exit stragedy. It is the first thing I tell my investors to consider.

Loretta - If more people would consider owner financing or lease options, they may have better luck with getting their money back out of their investments that seem to be losing money on a daily basis.

yes, a lot of people don't think about exit strategies. They get blinded by the "profit" they are going to make and naturally it COULDN'T fail! 

Interesting idea, buying into new construction.  

Rick - Did you say "Profit" Where??? I have my wallet out, where do I send it?

Jeff - New construction can be a great way to make a lot of money in an upturn market, but it can be risky since we never know when the market may stall or turn the other way.

Great post Todd. Just a little bit of creative thinking can turn many properties into a positive. The lease-purchase option route can be more lucrative than investors imagine.

Chuck - Thanks for the feedback and in this case, Owner finacing turned out to be the way to go for her.

Todd- Your title made me laugh! Great post too!