Average timeframe for a flip

[Erik Peterson]

So I'm curious about what your typical timeframes are on a flip. Let's just say an average flip (more than paint and floors but less than a total gut job). From the time you acquire the property, how long is it taking to get the property renovated and back on the market for sale?

[Jay Whitfield]

I bought a total rehab in January, 3 bedrooms,2 baths,1 carport,hardwood floors,all brick,deck,workshop. I gutted the whole house and had a contractor do some drywall work in the family room. Myself and my two sons worked on the house for two weeks. I been working on the house for the last 6 months, reason being I wanted to know every aspect of a total rehab. I took a little more time than I thought, but the hands on experience you just can't get from any book or video. Now on my next rehab I will use a contractor for most or all of the work. I know how to do the work and how much I am willing to pay. I'm out the pocket about 12,500 for repairs and saved about 10,000. Time consuming yes, but whats the hurry. I see many deals where I bought this home. Have about 80,000 of equity in the home that is free and clear. A full rehab should take you 3 months and cosmetic fixer about 6 weeks.

Jay