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Updated over 5 years ago,

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3
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Michele Alvelo
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3
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Do I sell or do I find a way to finish the job?

Michele Alvelo
Posted

I made my first big purchase, all CASH, last year and it has been a huge nightmare every since. From shady contractors gutting more than needed to unforseen cost. (Basement leaking after wall installation). 

The plan was to buy, fix the house, move in, pull the equity out and go on to flipping. 

11 months later I am sitting at the doors of sell or keep pushing forward and find a way to completion. I am about 85% completed but issues keep coming up (storm knocked the gutters down and seems there is extreme leaking coming from the front foundation) 

Starting with 130k cash in the bank to now close to nothing in cash, and having a hard time finding a Carpenter to work behind the shady contractor who staged my house. (He had walls put up while electrical and plumbing wasn't completely installed) 

How do I know when is it time to cut my loses and sell or stick it out?

Keep in mind that I am living with family and the idea of another Carpenter walking the property with judgment and the expertise of what they would have done just to give me an outrageous quote to finish or refusal to take the job, causes me major annoyance. 

Thanks in advance!

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