how long to find a flipper?

[Dawn Young]

My husband and I want to find a flipper, and we're putting a bid on one today, but if that doesn't work out, how long does it usually take to find another? I'm looking at 90,000 and less, and not a big fixer upper. We took out a refi, and untill we invest in something, our money is sitting doing nothing, and costing me 5 %(manf home). (originally the bank told me it would be a line, so this caught me off guard.)

[Will Barnard]

There is no one size fits all and all investors and areas are different. You could find a deal tomorrow or it could be 3 months from now. How hard you work and how good at that work you are will be the determining factors.

The fact that you took out a loan and ended up with payments that you did not anticipate tells me you acted without proper due diligence or understanding of the loan you took out. That scares me in that you could then make a second mistake and buy something in a hurry that is not a good deal. Make sure you are educated in flipping BEFORE you buy.