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Updated over 2 years ago,

User Stats

16
Posts
1
Votes
Robert Tolnai
  • Real Estate Agent
1
Votes |
16
Posts

What to do when your flip is not selling and all your cash is in?

Robert Tolnai
  • Real Estate Agent
Posted

We bought 2 flips just before the market shifted and put all our savings into them, as one was a super easy quick flip but we literally listed it as the market stopped for us here in Phoenix.  Of course I can sell both but at a loss not willing to take, they both have more than 20% equity right now but we know that's going down every month as our prices are declining at about 1.6% per month since May...  How can I get at least half of our money back out without having to sell at a deep discount and taking too big of a loss? 

Thank you 

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