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Rehabbing & House Flipping

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Carlos Garcia
Pro Member
6
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14
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Have not been able to sell my 2 flips?

Carlos Garcia
Pro Member
Posted Jun 10 2024, 10:04

So I started these last 2 flips and finished the renovations within 45 days. We put both houses in the MLS and have had to reduce the price by more than 14% and still no offers. I am getting a little scared as my wife is an experienced realtor and is experiencing the same across all her listings in central FL. Our business real estate coach has also shared that the entire US is like that in almost all the markets.

This is the first time this has happened to me.


What are the recommendations?

1. continue to sell

2. DSCR loan

3. other?


Both houses were financed via Hard Money at 11.99%.

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