Exit or wait? BRRR?

[Kyle Glasgow]

Currently I’m 93k all in on my first flip. Initially the property was listed for 137k and now it’s at 120k. DOM is at 70 and I’m yet to get a offer. The average DOM is this area is 120 days. I don’t want to lower the price again because at 120k the net is 103k. (I will admit, my due diligence was poorly done). In the past 2 weeks I’ve only had 3 showings. My agent placed adds on FB and we have added a 1k agent incentive.

I can get $1300 monthly for rent.

Monthly expense is $388 (repairs, vacancy 7%, misc, management fee)

This leaves a cash flow of $912

There is no mortgage but I have credit card debt which has negatively affected my credit

I have a cash out for 87k (net)mortgage at 9% estimate. The payment would be $1100 per month

At this point should I continue to be patient????

BRRR taking a smaller cash out???