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Updated about 6 years ago,
HELP! Need to sell Flipped Home
I just completed my first flip . . . yay!! The property is located in the Inland Empire, San Bernardino area.
I am looking for creative solutions to get it off my books.
Short story: It was my first property. I made some mistakes and learned a lot. Finished the renovations and got it listed. Running low on funds and need to sell!
Longer version: I used personal debt for the down payment and have a HML on the home. I set aside a significant amount for debt service, but between having to fire 2 contractors and hire a third to fix all their mistakes & finish the renovations AND the project going long I'm running low on funds. What are my options? Please help!