How Far Down Have You Had to Lower Your Price?

[Corey Dutton]

Because many fix and flip real estate investors are up against the clock, many times they have to lower the price to sell the property quickly. I knew one flipper that believed so strongly in his ARV (after repair value), that he didn't lower the price until it was too late. He ended up getting the house taken back by the hard money lender who lent him money on it for 5 months. If he only would have lowered his price sooner, he may have avoided catastrophe. (And, this is too short of a loan anyway in my opinion)

How many times have you had to reduce a price on a property you were trying to flip quickly? What strategy for pricing would you share from your own experience?