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Rehabbing & House Flipping

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140
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Jesse Rodriguez
Pro Member
  • Rental Property Investor
  • Los Angeles, CA
60
Votes |
140
Posts

Flip/BRRRR going south, seeking help

Jesse Rodriguez
Pro Member
  • Rental Property Investor
  • Los Angeles, CA
Posted Mar 30 2024, 15:19

Hello,

I have a property under an HML that I was gonna BRRRR instead I'm going to sell because I underestimated rehab, rents and loads of other mistakes I made. The property is still in distress and I put it on the market to sell. It's been 3 weeks and only 2 people have came to see it. I've already dropped the price once and I'm afraid I'm going to have to drop it again. I'll be lucky to pay off that HML, might end up having to pay the rest of my own pocket. This is a nightmare situation and I was wondering if anyone had tips/advice/suggestions on what to do. I'd appreciate any help, thanks!

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