Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
What's a realistic timeline?
I've got $40k in cash that needs a job. I'd like to get into real estate, and would like to start with a flip starting with an MPP of $160k or less. What is a realistic timeline from beginning to end on a flip? Let's say the flip would need only minor cosmetic touch up's to make it a hot sell (minor painting, maybe some counter tops or hardware updating). Nothing crazy. We are in a nice area of the Philadelphia suburbs (Main line).
We are considering moving to a different part of the country within the next 1.5 years. If I put this money to work, I'd like to make an ROI within a 4-5 month time frame and complete the investment before we move. Is that feasible?