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Updated almost 6 years ago,

User Stats

60
Posts
10
Votes
Micah Shelton
  • Flipper/Rehabber
  • Portland, OR
10
Votes |
60
Posts

A flip that hasn't sold question...

Micah Shelton
  • Flipper/Rehabber
  • Portland, OR
Posted

A flip that hasn't sold question...I have a 4 bed 2 bath home that we fully renovated. We lowered the price 10K and have had great showings. All feedback has been positive and no one balked at the price. The issue seems to be that as a corner lot it has no back yard, just a large side yard...should we privatize the side yard with fencing and add a deck (roughly $3k) or lower the price again? We are approaching the 6 month mark on our hard money and will receive a $2k fee as well as a march payment. As it stands we are flirting with breaking even either way we go due to length of project and reno overages.

any thoughts would be much appreciated

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