All Forum Posts by: Boffill Yosleys

 https://www.zillow.com/homedetails/1740-Chichester-Ave-Louisville-KY-40205/73456717_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshare

 I haven't thought about that. Thanks

 I do not think is my price because we are already 20k under appraisal. But based on the comps I have seen a little bigger houses with garage going for about my appraised value or maybe higher. All these houses are way over the median sales price in this city and I guess everyone is slowing down on prices for that type of properties in the area.

 I have thought about it but I am already 20k under appraisal and I am getting attraction of clients every week 5 or 6 showings but definitely the layout of the house is not great, not the finishes though. My further step will be to go even lower and take a 10k or 20k loss that I might use for my tax return next year before the hard money debt becomes even more. 

 I had that option but how do I pay the lender ? 10% will not be enough.... I tried to refi but the rent will not cover my debt. I might even need to put money down.

Hello guys my name is Yosleys Boffill. I have been flipping houses for a year or so in the Midwest specially in Lousiville,KY. I was doing fine until I decided to go for a more expensive neighborhood and price range. We are selling this house in the Highlands ( good neighborhood) and we have been stuck with it since November. We have dropped the price a lot, we even have an appraisal for 20k over listing price, we have had 22 showings since the last decrease in price.....and nothing. Everyone finds the rooms too small or something that does not fit their family,etc.

I am at the point of breaking even but in a month I will be losing money because of the Hard Money lender payments. The agent has done everything for the marketing and open houses and social media....again people are coming every week. I will appreciate any idea from the most experienced investors on how to proceed on these cases to get out of this hole. I got 3 other flips going on but I will love to get out of this one. Thanks in advance.

Hello there folks. Looking to hit my next flip in the Cincinnati area. I will be happy to meet any real estate professional related to the transaction like inspectors, contractors, property managers, lenders, etc.

Any advice will be highly appreciated.