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Updated over 6 years ago,
Turn time on flip house help
I am new to flipping but shooting out the gate.
I have successfully sold my first, second is listed, and under contract to buy 4 more over the next three months. I do have a partner and we are bankrolling the down payments ourselves at 20% equity with a local bank for additional financing.
My question is.
My second house is listed for 99k. I believe it will sell at that price or close but maybe not as fast. I believe I could sell it really fast at 85k ish... I have 67 in it after commission and all.
Is it better to sell fast ( hit singles) and re-invest in the next flip or wait to make the most per house.
I can see the logic going both ways but would like to hear from some experienced flippers. Thx.