Need help!mentor in Cal.

Rehabbing, Fix and Flip, Rental Properties
1

I bought and rehabbed two houses in so. cal. They have not sold after I rehabbed them- I am now approaching severe financial difficulties. I just lost my home in New Orleans by Katrina- that I was going to refi to help me. I need info on how to proceed to sell these houses. I have a second broker (first severely overpriced properties). I don’t want to take a bath on them, but realize I will lose money on these deals.
They are priced 875K and 975K. I have put in 130K and 150K into them for rehab. They would have been good except the market has now turned and slowed in so. cal. With all costs for broker and closing I will lose quite a bit on each (at least 50k+)

  1. do I get rid of broker? She has advertised them heavily If so, then how do I sell them myself?

  2. I got two low ball ofers on one house and the other nothing

3)Reading book on 5 day sale- any idea if this works?

4)I’ve looked into a chapter 12 reorg. I am not sure if this might be a good way out.

I would appreciate ANY info and help on how to proceed. Anyone else gottem themselves into a situation like this? What did you do? How did it work out?

Thanks

2

I meant to say MENTOR. I could use one to help me through this maze! Is there anyone willing to help a Katrina survivor? If I get out of these houses, I can go home to rebuild.

Thanks again