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All Forum Posts by: Samad Rainey

Samad Rainey has started 1 posts and replied 2 times.

Starting Out

Post: New to this flipping

Samad RaineyPosted
  • Edison, NJ
  • Posts 2
  • Votes 0

The home is 1700 sq ft 3bd 1bth the realtor I was using Im no longer using at this time I purchased it for 10,500 renovation cost was 9k the wasn't in bad shape at all just minor cosmetic work the comp on the area last I checked were 45 to 65k but I only listed it at 30k at this point I'm confused on it all and stuck between a rock and a hard place

0 Votes
Starting Out

Post: New to this flipping

Samad RaineyPosted
  • Edison, NJ
  • Posts 2
  • Votes 0

Hi, I'm Samad I currently live in NJ but I purchased a REO in Rocky Mount NC I completed the work using my personal funds from windows floors HVAC etc... but the Market is dragging or is that I lack the knowledge to sell I listed with realtor the house have been on the market for almost 1year now and currently renting but my plan was cash out and buy more but it seems its not working is there anything that I missed or am I doing something wrong?

0 Votes