What is an exit strategy?
When it comes to Real Estate Investing, the successful real estate investor will have a sound exit strategy in place. What is an exit strategy? It’s a plan to pay your loan at the end of its agreed-upon term. Our terms vary between 3 to 18 months, making an exit strategy a crucial part of your plan.
Do you plan to fix and flip?
If so, what’s your time frame? Four weeks? Three months? You need to have those numbers in place. Do you have a contractor in place ready to do your fixing of the flip?
If so, at the end of your term will you be able to qualify for a traditional mortgage? Do you plan to get another private loan? Will you sell it with a seasoned tenant in place?
We want you to invest wisely. Do your homework. Check the numbers, and then check them again. Have a sound exit strategy in place to make your next investment a successful one.
An Exit Strategy is an important part of Real Estate Investing
The visionary and dynamic leader of Nova Money Lenders, LLC, an emerging private money lending institution. With a passion for innovation and a deep understanding of the lending landscape, Elizabeth is dedicated to driving the success of the company.
Drawing from her extensive experience and solid educational background, including a BSC in Mathematics and Physics from the University of Guelph, Canada, and a Certificate of Marketing from McGill University in Montreal, Canada, Elizabeth has developed a comprehensive knowledge of market trends, risk assessment, and strategic financial planning.
Throughout her career, Elizabeth has focused on both the investing and lending sides of the real estate sector, accumulating over 35 years of experience. She has honed her skills in various specialties, including real estate wholesale, fix and flip, rental properties (single family and apartment buildings), mortgage notes (1st and 2nd) (performing and non-performing), creative financing, foreclosures, short sales, and more.
Outside of her professional pursuits, Elizabeth indulges her love for fine jewelry, even becoming a bench jeweler, a budding gemologist, and a diamond appraiser.