Need Advise on Money Pit - Should I Sell As Is?
I purchased a 3 bed/2 bath bungalow one year ago for $20K with the intent to flip. The home is located in a part of SC that's hard to find available contractors or help. After a month of searching, I found a unlicensed person to add a 1/2 bath, gut and renovate the entire house. He does great work but he works by himself or sometime with his nephew. The house is 90% complete and I've ran out of money. The supplies are there but the house still need things such as kitchen cabinets, floor tiles, and door knobs throughout as well as re-bricking around the bottom of house. The comps are $135K - $155K. To date, I've spent approx. $85K, including purchase. Now I'm broke! Should I sell the house as is or should I try to secure more funds to complete the project? Thanks for any advise. I'm feeling overwhelmed.