- Joined
- Apr 30, 2015
- Messages
- 11
I’m asking for creative ideas to help offset losses of a condo flip that is going nowhere.
Reno’d a flip condo in Abbotsford BC and listed mid August. As we all know the market has now stalled. Condo was purchased with LOC funds, as the months of not selling continues so does the debt grow.
Does anyone have any creative ideas to A. Help get this unit sold?
B. Ideas on offsetting the monthly losses?
We are listed on MLS through my realtor. Tried getting a rental restriction lifted, but that failed. the building is 55+ & no rentals. We do have it listed for 1% owner/rental arrangement but no takers yet
Thanks in advance.
Sent from my iPhone using myREINspace
Reno’d a flip condo in Abbotsford BC and listed mid August. As we all know the market has now stalled. Condo was purchased with LOC funds, as the months of not selling continues so does the debt grow.
Does anyone have any creative ideas to A. Help get this unit sold?
B. Ideas on offsetting the monthly losses?
We are listed on MLS through my realtor. Tried getting a rental restriction lifted, but that failed. the building is 55+ & no rentals. We do have it listed for 1% owner/rental arrangement but no takers yet
Thanks in advance.
Sent from my iPhone using myREINspace