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Updated over 7 years ago, 09/18/2017
Flip on market good reviews but too small. Should I rent? Help.
Hello Everyone,
I bought a flip back in January and finished working on it in July. I'm also a real estate agent so I was able to post the house on the MLS and I also posted on Zillow, after that all other related sites reflected the post. Total so far I've gotten about 27 people that have seen the house so far and no offers. I asked multiple folks what did they like and did not like about the property. I put a lot of energy on the inside, but not the outside it looks sort of... Plain. I wanted to focus more on the outside, but money was running low and other things in life in between. When I ask for some feedback from the agent's client they would say it look nice, love the upgrades and cute but a little too small.
Here is the house
I bought it for 20k
Repairs 25k
What would you guys do at this point Rent or Keep on the market? Cold weather months are coming soon! If I would keep it this would be my first long term investment. I spoke to the hard money lender and he said if it does not sell. He can get me a mortgage with a lower payment.
Thoughts?
Regards,
Charles