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Updated almost 12 years ago on . Most recent reply

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828
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Jennifer Lee
  • Real Estate Broker
  • Gibsonia, PA
260
Votes |
828
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how many actual flips have you done?

Jennifer Lee
  • Real Estate Broker
  • Gibsonia, PA
Posted

hi BP

just another curiosity post.

I have NEVER successfully flipped a property.
hoping to flip my first this year...although I am thinking it may turn into a buy/hold

my first flip, turned into rental and then sold (2 yrs total)
my second flip was a LIVE in flip... knowing I was owning for only a few years.

all my other properties were buy/hold/rental from the start.

so Question:

How many actual flips have you done?

How long do you try to SELL it before turn it into rental??

I think where I went wrong was too short on market and not priced right...

thanks

Most Popular Reply

User Stats

1,748
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928
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Justin S.
  • Residential Real Estate Agent
  • Chandler, AZ
928
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1,748
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Justin S.
  • Residential Real Estate Agent
  • Chandler, AZ
Replied

Since going solo 18 months ago, I've done 19 flips and I have 5 in inventory in various stages. I also would not turn a "loser" flip into a rental. I would sell for the loss and get my money back working in the next deal.

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