Advice on Fix & Flip Project Not Selling

[Glenn Levy]

Hey All. I am new to BP but glad I found such a knowledgeable and forthcoming group of like-minded people. I am hoping to hear from other fix & flippers who had a project that did not sell as projected and how you possibly overcame it to avoid carrying the property for a long time until it sold or avoid selling the property for a loss/break-even. The house has been listed for almost 1 month now and I have lowered the price twice. I know sometimes you have to cut-bait and move on, but I have been batting 1000 since starting 4 years ago, and would love to hear some out-of-the-box ideas that others came up with. Thanks for any and all feedback!

[Jay Hinrichs]

there is really no out of the box.

1. lower price to the point someone will buy it  maybe its your first loss.

2. if you paid cash or have very flexible debt you owner finance it for a premium price.

3. If your debt allows turn it into a rental and wait the market out. 

4. Donate it for a tax write off   ( probably not a feasible idea but I have donated many houses that i knew were losers and took the write off).