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Updated almost 8 years ago,
Selling my flip on a busy street
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..