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

[Robert Tolnai]

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 

[Account Closed]

Quote from @Robert Tolnai:

We already rented one out but our money will remain locked in it..... 

Still trying to sell the other as we have hard money payments and has fallen out of escrow twice already

Look for a private lender, a friend, a family member, your doctor, barber or dentist, etc who has a self directed IRA that can buy out the Hard Money Lender at a much more favorable rate and then you have options. One option might be STR if the property & location are good for that, another might be to sell on owner financing until the buyer can refinance. 

I buy and sell in the greater Phoenix/Mesa market and often times I'll sell on lease option, get 10% down on a three year option and cash flow the property while getting my investment back. It may take a combination of these for you to reach your "sweet spot" but since the Fed will raise rates in a couple of weeks, I don't expect it to get easier.

Remember, if real estate investing was easy, everybody would be doing it. ;-) Be exceptional.