All Forum Posts by: Alexis DalPont

We purchased a property from a family member in a rural area of Arkansas back in August. We fixed it up and put it in the market in September and it just isn't selling! We've been lowering the price since mid October, and we just don't know what else to do! We are already going to be losing a lot of money. How can we get this property off our hands? 

Originally, our strategy was to refinance it and rent it out if I didn't sell, but with the changes in the market that isn't going to work out either. We would be losing a significant amount of money every month, so we would rather cut out loses and get rid of it now. 

Please help if you have any advice!!! Thank you in advance. 

Hi @Cameron Akrami

Yes, we have been working with Liz at TREO Realtors. It’s been a great experience so far!

Hi @Deanthony Quarles,

Have you had any luck finding a good PM? I am looking for recommendations as well. Thank you!

Hey @Matt Aiello

I see that people are recommending getting educated, which is definitely important. However, you don't want to delay your purchase as you get educated. I would recommend buying something sooner than later. The sooner you take action the better. Don't get stuck in analysis paralysis, which is easy to do.  For the NWA market, the appreciation is what is going to pay off in the long run. I personally don't think it is super important to get a "good deal". 

If you had $20,000 cash to invest (nothing more). What would you do with it? 

I would love to hear all of your creative ideas and strategies! 

Thank you @Gloria N Gear & @Mike D'Arrigo ! 

That really helps put things into perspective for me. 

@Michael West Thanks for sharing your experience! Great lessons to learn from. Congrats to you! 

@Evan Polaski & @Will Barnard Great advice! Thanks for sharing. 

@Don Gouge Thanks for the feedback! I definitely haven't had any success yet. I am from Southern California, and our market is beyond ridiculous. I am not very familiar with the market in other states so I decided to put some feelers out there. I feel like I hear about lots of amazing deals on the podcast. Ultimately, I just have some cash that I want to put to work. 

Thanks @Shane Kelly & @Sarah Bojorquez! I think I would be open to cash flow over appreciation, but I really want to stay away from C class properties. Do you know of any areas where that is doable? Eventually I might be more open to it and ready to take on a BRRRR. At this point in my journey I want to be able to just jump in and put my cash on hand to work.