Creative Options for Flip Project

[Brandon Irvine]

Here’s the scenario: I purchased my first flip house for $210K back in October. I put $55K down and spent an additional $45K of our personal money to complete the project. The house went on the market mid-February and I’m asking $435K. Given the current world situation, the house may not sell for the price I’d like, and in the time I need, and I’m looking for creative options. For example, are there investors who would purchase the house below market value and lease it back to our family? This would allow us to recoup our personal funds from the project and make it our residence. Are there private companies and/or investors who are willing to lend money based on the equity in the house? We currently don’t have a steady income stream. The home is valued between $410K and $435K. Has anyone been in a similar situation or have recommendations?

Here is the link to my house at 134 spring Rd. Port Angeles, WA: 

https://www.zillow.com/homede

/83cef86277t...