How to determine what is the best real estate exit strategy? I'm actually going to give you five steps that I go through in order to determine what's the best path for this deal.

Should you flip it? Should you wholesale it? should you keep it as a rental.

What about Airbnb, what about creative finance?

There's so many exit strategies in real estate, so how do you figure out what the best one is?

Well, let's talk about it.

So, step one.

This is my first step, you could even call this a rule, but I believe you need to first build up your cash.

If you don't have cash and money in the bank, it's already going to eliminate basically every strategy, okay?

Because here's why.

So many people want to buy rental properties right off the bat and they're broke.

They're like, well, I heard you could buy real estate without any money.

I want to own rentals. I want passive income.

Typically what I have found is that lazy people are broke. And so lazy people are attracted to

passive income. And so they think that by buying rental properties they can

continue to be lazy and build wealth wrong I've yet to find any broke lazy

person that just buys rental properties and gets wealthy. It does not happen. So really, step one is all about

just building up your cash. The only way you're going to build up cash is by either flipping or

wholesaling. That's what it comes down to. You are not going to buy

rental properties right away. So that already is going to determine your exit

strategy just from the jump. And let me just add this too. You don't even want to

buy rental properties if you're broke because you're one repair

away from being toast. You're one vacancy away from being toast. You're one bad tenant away from being toast.

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