The Brooks Team owner, Jim Brooks, was featured on Forbes Expert Panels along with 12 other Forbes Real Estate Council Members. Not every real estate investment is guaranteed to work out as expected. Before committing to a property, there are a few steps investors should take to effectively craft an exit plan strategy.

Here’s a tip shared by Jim Brooks:

2. Set Clear Objectives Before Investing

Know your objective before investing in a property and establish your goals for any property you’re considering. This helps identify what success looks like for a property you want to invest in, which will help map out your exit strategy. Committing to a property without a clear objective and “winging it” after you commit to it typically ends up costing a lot of money and time. – Jim Brooks, The Brooks Team – EXP Realty

Read the full article and all 13 tips here: Forbes Real Estate Council