All Forum Posts by: Jason Mayes

Coming from someone who is very frugal like myself, there are some places it's just not worth it to cheap out. I'm sure you don't want to hear that right now though, so let me focus on ideas for exits. You can obviously just list it back for sale with an agent, eat whatever loss there is, and try to get out of it asap. That might result is a decent loss of some money though depending on some factors. Another idea is taking a loan for the rehab. Depending on your current finances (which don't sound plentiful) you may be able to get private money or a loan for the work. Lastly, you can look at partnerships to try to save the deal. If you think you've got enough room in the backend of the property, you may be able to find someone to contribute money for the house in exchange for an ownership stake. I may be able to connect you with a client of mine who might be interested in it or can just help you walk through the options further. Just reach out to me if you want to. Either way, I hope this works out for you and you don't end up too upside down in the end!