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Updated 5 days ago on . Most recent reply

User Stats

26
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5
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Alexis DalPont
  • Rental Property Investor
  • Southern California
5
Votes |
26
Posts

Flip Not Selling

Alexis DalPont
  • Rental Property Investor
  • Southern California
Posted

We purchased a property from a family member in a rural area of Arkansas back in August. We fixed it up and put it in the market in September and it just isn't selling! We've been lowering the price since mid October, and we just don't know what else to do! We are already going to be losing a lot of money. How can we get this property off our hands? 

Originally, our strategy was to refinance it and rent it out if I didn't sell, but with the changes in the market that isn't going to work out either. We would be losing a significant amount of money every month, so we would rather cut out loses and get rid of it now. 

Please help if you have any advice!!! Thank you in advance. 

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