General question: What's average timeline in flipping a property?

[Jeff Sitti]

I just have a general question to those flipping properties in the Southern California area, primarily in the Inland Empire. What is the average amount of days,weeks, months... It is taking to Purchase, rehab and unload your properties to an end buyer?

[J Scott]

Originally posted by Joanne Basecki:

Is it a good idea to offer a bonus for meeting the agreed upon timeline, i.e. if the roof is to cost 5k i could offer 6k for the on-time completion?

If the roof cost is $5K, I would pay $5K for on-time completion. I'd pay less than $5K if they miss the deadline by any significant amount for reasons under their control.

This is why you should have a penalties built into your contracts.