Selling my flip on a busy street

[Jeremy Hazelwood]

Ok, well I could not pass up this deal a year ago that I happen to get from the original owner. (Now I wish I did pass it up) I found this house on High st, which is minutes from downtown and sits back from the street farther than other houses. It's primarily a lot of attorney offices and some multifamily houses next to us. There is a McDonald's across the street.. It is located in a high end part of town and right outside of a very high end community called German Village. This house was gutted and completely transformed with exposed brick and I even added a Steam Shower as a little bonus. I went a bit crazy and spent an exuberant amount of money on this flip.. Installed automatic Barn style garage door openers on each of the bays of the 4 car garage. I felt like it has been my best work yet. I attracted the likes of a few big Investors in town just from showing my work and that made it well worth it... however we are getting showing after showing and dropping the price just to get feedback like this: "Very cool home. Buyer did not like the the location. Street was too busy. We did discuss location before showing😬" Just one of the many similar responses I have received over and over and it is driving me crazy BP!!! I know I broke one if the most important rules of location but I did not think I would be in this situation with tons of cash tied up, and feeling like I got to drop the price where I hardly make anything just to sell the thing... I am ready for the constructive criticism so let it rip! If it doesn't kill me it just makes me stronger and smarter! Pm me if you need the address to give you opinion on what I should do thanks..

[Brandon Battle]

Let me guess,1015 High St.,correct? Well,the interior looks lovely but,the exterior paint is wrong and it sticks out like a sore thumb.Something darker that goes with the two much taller buildings you're sandwiched between would have been better.You made some mistakes that are going to cost you like they did me too.First,you decorated the interior to please yourself as if you were going to live there,not good.Way ,way,too expensive for the neighborhood.No one is going to pay you tens of thousands extra for having nice taste in fixtures and finishes.You are also surrounded by multi family rental properties instead of lovely single family homes which is where your place belongs if you could magically move it.Honestly,you missed a golden opportunity to make some good money by not just gutting but hiring an architect and redesigning it into a triplex or quad.A good landlord business would have paid you a handsome profit for a modern designed quad with affordable and nice fixtures.Your initial asking price was way too high and the real estate agent should have talked you out of it.Now you have 161 shoppers on Zillow with only a few of them real buyers waiting you out to see how low will you go.Their buyer's agents are sensing the desperation and waiting to drop the hammer on you.I went through this same terrible thing just recently and lost 85k when the bloodbath finally was over.I am afraid you need to prepare yourself for the same thing.If I am wrong about the address,pay me no mind and good luck to you.