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Updated about 3 years ago on . Most recent reply
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First flip and out of money. Can anyone provide insight
I have a flip almost finished. I am out of money. Can anyone assist me with what are my options now? My last post with more details was removed for being an ad, which was not my intent. Just looking for advise or some direction from anyone who has been in this situation.
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If you don't have someone willing to bail you out it's time to cut your losses. Sell as is and try to recoup what you can. If you're in debt to the max borrowing more money will only make it worse. Even if you got the 15k to finish, what happens if it takes six months to sell? It sucks when things go wrong but you need to pull yourself together and figure out your exit strategy before you get foreclosed on.
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