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Updated over 2 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Samantha Mosquera
  • New to Real Estate
  • New Jersey
1
Votes |
5
Posts

Help. Out of state flip on market for months with no bite

Samantha Mosquera
  • New to Real Estate
  • New Jersey
Posted

I currently live in New Jersey and decided an out of state investment would be more affordable. I purchased a property in Baltimore which needed a total rehab. After a year of renovating the property and having a hard time with the contractor, we finally were able to complete the project and hired a real estate agent to sell the property. The house has been on the market for over 7 months without a single offer. Did I hear the wrong agent? Was it a bad deal? Should I just rent it and refinance ? I don't know what to do but this project has been very costly and was my first experience doing a full reno. Just hoping to be able to make back the money invested because I have 2 other properties that been to be renovated. 

Please help.

Most Popular Reply

User Stats

74
Posts
105
Votes
Kenneth Woodruff
  • Investor
  • Lancaster, PA
105
Votes |
74
Posts
Kenneth Woodruff
  • Investor
  • Lancaster, PA
Replied

buy the vacant next door and fix it, rent both

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