Figuring out the next step

So, my house is rented out. 2 year lease, and the tenants are interested in purchasing, possibly after one year (but I imagine it will be 2 years.).

So - this is good. However, my cash is tied up in the house now, and I can't refinance for 18 more months without a 6 month interest penalty payment.

What I need to do is crunch the numbers to see if it is worth it to take the penalty hit in order to get my next house and flip it.

I have decided no more 2 bedroom/1Bath homes unless there is room enough to add a 3rd bedroom.

House is rented out

Got my house rented for the amount I need, which is good! These tenants have a 2 year lease, and they want the option to purchase, so this will probably work out quite well.

Once I get my finances righted around, it will be on to the next house!

Still not sold

There has been very little activity in this market. My tax assessment came in quite high, so am in the process of fighting that.

I will give it one more month and then rent out the house.

Price change

The market has been dead, dead, dead. So - I am lowering the price on the house. Hopefully that will increase some action.

2nd Open House

Had my second open house on Sunday. 5 couples came through - they all liked the house, no takers, though. Seems only one comment on the house being too small. Encouraging - people are starting to shop now.
More snow scheduled - 6-12 inches tonight. That's always good for showings.....

I have decided on no more 2 bedroom homes for flips. Unless the square footage is enough so that a 3rd can be added.

weather finally clearing up.

Well, the ice is melting. Looking to hold another open house this weekend. No snow in the forecast - so maybe things will look up. Nothing has gone under contract in my price range in the last 2 weeks. At least I feel better in some respects because it's not just my house! LOL!

I had my eye on another property, but that got snapped up already - thought that might happen.

Challening market

Well, the open house had only one couple come through. They said the bedrooms were too small. They are larger than most, so that comment surprised me a bit. The snow didn't help that day, either.

And again - about 10 inches of snow expected tonight. This really puts a damper on showings, don't blame people for not wanting to go out! After 3 months, I might try a lease option on the property, or just rent it out.