Sell or Rehab Moneypit

[John Friendas]

Hey, I have put over $100k in a property and it will cost $309k more to renovate, it has been a challange so far and has taken up 2 years. Essentially, I took on a 4 unit old property that had way more work than I thought it would.

The mortgage is $150k and the arv is $600k. Part of me thinks I should just cut my losses, however, it would be difficult selling in an unfinished state.

It is in the midwest in a growing town. I have a solid GC plan for the $309k renovation but I am worried that it is too much risk and me trying to reclaim sunk costs.

[Jules Aton]

How much would you net or lose from selling as is? There probably some assumptions re: ARV, actual reno cost and time frame. If you aren't local it makes it all the more difficult.