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Updated almost 7 years ago,

User Stats

20
Posts
5
Votes
William L.
Pro Member
  • Real Estate Broker
  • Marysville, WA
5
Votes |
20
Posts

Stuck between a rock and a hard place

William L.
Pro Member
  • Real Estate Broker
  • Marysville, WA
Posted

Hello BP,

I purchased a house to initially flip and my contractor in the middle of the flip kept asking for more money and more money. Eventually, I had to fire him unfortunately the cost has already surpassed my initial cost plan. I don't know anymore contractors and the ones I have called basically told me 20K to finish the rehab. I am running out of luck finding a decent contractor. I don't have 20K more to spend on this house for a flip and it is not rent ready. Still needs work. I don't want to dump more money into it because it puts me over my initial budget. I tried to sell it with no luck. To break even is worth more than what the house is at the moment unless the market miraculously sky rockets. Looking for advice? The property is in Columbus,OH.

  • William L.
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