All Forum Posts by: Mark Coleman

Yes, the property is in rentable condition 

Thanks for responding, I am in Houston. I have another inspection on the property tomorrow. I am not sure if I should try to sell again or refi and rent the property. It will cash flow around 350 before expenses. At that rate of return, t will take 5 years to recoup my initial investment. 

Closed my first deal a few months now in Houston but I am stuck. To keep it short and to the point, I had to put about 10k more into the property due to a bad contractor. I bought it for a rental property but the work done was subpar. I need to sell to recoup about 3/4 of my initial investment. However, I have lost 3 buyers due to inspection. Bought the property for 105k I am in it for 155K, ARV is 170k rents for 1500 per month. I am 7 months into this property and running out of cash, what should I do any thoughts would be greatly appreciated.