Stuck in a flip
Quick rundown of the scenario: I bought a house outright 1 year ago to fix/flip. At that time I had excellent credit. I paid cash for the house and used credit to pay for the fixing. 1 year later the house is done, but it isnt getting much buzz on the market. Ive had it listed since March 1.
As far as the value is concerned I can see the comps and it would more than cover my expenses. I have considered financing it and just renting it out, but now my cards are maxed so even though I havent missed any payments, my credit is trashed. If I just rent it and dont refi, then Ill be spending the next year clearing off those cards and the R.E. portfolio will essentially be put on hold. Any creative thoughts for how to unstuck myself at a bit faster pace?