Selling fix and flip as is

[Tori Smith]

Hello All, I would like to get my current project off of my hands. The home is about 85% complete and only 10k worth of work that needs to be done to complete the home. How much would you reduce the selling price? What ideas do you have on getting the home sold quickly? Thanks, Tori

[Andrew Johnson]

Tori Hall I think if you look at the responses you'll see why you're going to have to price it VERY aggressively. If you're 85% of the way through and only have $10K to go any prudent investor is going to wonder why you're stopping short. Is the ARV off? Is the neighborhood declining? Is there something major that will have to be redone in the rehab? Why not go to a hard money lender for the last $10K and finish it out? There are likely answers to any/all of these questions but you had better have clear and concise answers. Expect them to do heavy diligence on the property and the rehab work.

All of that said, I would at least try posting it here in the marketplace. If there's a community that would love to finish out a property for $10K and get a nice profit, it's this one!