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Updated over 2 years ago on . Most recent reply

Preston Gealy's profile image
Preston Gealy's profile image
Preston Gealy
  • Rental Property Investor
  • from Cranberry Township, PA
  • Member since Jul 23, 2017
  • Posts 74
  • Votes 23
  • Experience 8 Yrs
  • Investments 3
Connect

User Stats

74
Posts
23
Votes
Preston Gealy's profile image
Preston Gealy's profile image
Preston Gealy
  • Rental Property Investor
  • from Cranberry Township, PA
  • Member since Jul 23, 2017
  • Posts 74
  • Votes 23
  • Experience 8 Yrs
  • Investments 3
Connect
Preston Gealy
  • Rental Property Investor
  • Cranberry Township, PA
23
Votes |
74
Posts
Rehabbing & House Flipping

Pittsburgh Flip: drop price or wait out the storm?

Preston Gealy
  • Rental Property Investor
  • Cranberry Township, PA
Posted

I have a house that I'm flipping in Pittsburgh where we listed the rehabbed house as the market started tanking. Do we drop the price to get rid of it or sit tight and wait for an upswing to make some money on it?

  • Preston Gealy
    • 0 Votes
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    Preston Gealy's profile image
    Preston Gealy's profile image
    Preston Gealy
    • Rental Property Investor
    • from Cranberry Township, PA
    • Member since Jul 23, 2017
    • Posts 74
    • Votes 23
    • Experience 8 Yrs
    • Investments 3
    Connect

    User Stats

    74
    Posts
    23
    Votes
    Preston Gealy's profile image
    Preston Gealy's profile image
    Preston Gealy
    • Rental Property Investor
    • from Cranberry Township, PA
    • Member since Jul 23, 2017
    • Posts 74
    • Votes 23
    • Experience 8 Yrs
    • Investments 3
    Connect
    Preston Gealy
    • Rental Property Investor
    • Cranberry Township, PA
    23
    Votes |
    74
    Posts
    Preston Gealy
    • Rental Property Investor
    • Cranberry Township, PA
    Replied

    @Michael Scott this flip is in new kensington so the market is cooler than hot Cranberry Township. I ended up lowering 10k today so we will see what happens. I partnered with another investor and he does not want to keep it. If we drop another 20k, we will break even

  • Preston Gealy
    • 2 Votes
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