new to flipping

[Max Toler]

Hi guys, I'm new to the boards. Just joined today, but Ive been reading your posts for a couple of years now. I bought my first house to flip in January of 2012. It has been complete and on the market for a year and a half!! I have lowered the price from 100k and now I'm down to 85k. I have had 5 contracts fall through due to unqualified buyers. A good friend of mine who is a very experienced realtor/investor, has the listing. He is at a loss and so am I. I am trying to stay optimistic, but I'm curious to hear what you guys may have to suggest. Since then, I have flipped another in the same area. This one has only been on the market for 5 months,so I'm not in a panic just yet. Flipping is supposed to be fairly quick, this thing has turned long term!