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Updated about 5 years ago,

User Stats

43
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3
Votes
Mark Coleman
Pro Member
3
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43
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First Deal Didn't go as planned, What next

Mark Coleman
Pro Member
Posted

Closed my first deal a few months now in Houston but I am stuck. To keep it short and to the point, I had to put about 10k more into the property due to a bad contractor. I bought it for a rental property but the work done was subpar. I need to sell to recoup about 3/4 of my initial investment. However, I have lost 3 buyers due to inspection. Bought the property for 105k I am in it for 155K, ARV is 170k rents for 1500 per month. I am 7 months into this property and running out of cash, what should I do any thoughts would be greatly appreciated.

  • Mark Coleman
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