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Updated over 8 years ago on . Most recent reply

User Stats

45
Posts
4
Votes
Scott A.
  • Tampa Bay, FL
4
Votes |
45
Posts

1st time flip: Too late in season?

Scott A.
  • Tampa Bay, FL
Posted

I'm reading approx. 4-6 months is avg hold time on a flip.  So even if i found an awesome deal now I'd be on market Nov through Dec. at best... which sucks because of holidays. So i am better off putting my flip dreams on hold and searching for a deal again in Jan. yes?  -Otherwise I'm holding my flip past 6 months which i def. dont want cause Im using hard money.  Plus this would be my first one which will surely add some time.

Most Popular Reply

User Stats

95
Posts
26
Votes
Letitia Harris
  • Flipper/Rehabber
  • Ahwahnee, CA
26
Votes |
95
Posts
Letitia Harris
  • Flipper/Rehabber
  • Ahwahnee, CA
Replied

I just got caught in that trap last year, for the first time.  However, I'm glad I had the house, since finding another one has been a challenge!   It finally sold in late April (snafu with 1st buyer who backed out, grrrrr), and I wound up holding it for 7 months.   I'm cash, so I'm not in the same boat as you are, but still...  You might not be able to find another one in your next "window of opportunity."

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