Good afternoon guys I have a question about investing in a flip.

Unfortunately, there will be mortgage defaults, abandoned homes, and high demand in general for housing, in the aftermath of Harvey.Is anyone thinking about the need of investors to fix and flip properties, to help meet the housing demand?

I've never read a book about investing in real estate        Recently talked to a friend of mine who invest in real estate and was happy with the 13% return on investment I'm not sure how you even figured thatHe asked what investments I have and when I was going for a run and returns on flip so I told him and he figured out it's over 25% return on investment on the rentals I have  which to me is OK but not great then again I don't know what others think because I say I've never read a book about it and this is the first form I've read about it  Similar things happened in business for me I think sometimes were way down by reading too much information overload and not expecting More from ourselves and our investments are both in owning businesses as well as real estate investmentFrom what he said and what I'm reading here if I had gone by the books and the so-called gurus I would've been happy with 13% ROI and here I am at almost double that by just stumbling blindly looking at the best deals and forcing things to happen

@Rod Stanback I don't want to flip..renovate & rent

A new assisted living went in 11 months ago for 10 million and the guy just flipped it for 17 million!!!

Looked at a house today for a possible flip.

I would imagine it ranges from 60 - 120 days for most fix and flips in most markets. 

I have been in flip situations where two appraisals were required. 

Erik,Some of our best returns have been out of Indianapolis for turnkeys and flips. 

I prefer to not touch them, as I think there is extra liability from renting out non conforming units and they have limited exit strategies, but if I did buy one I not only wouldn't pay extra for the non-conforming additions, but I'd also want a bigger discount such that converting to original and flipping as a single family was a profitable exit, thus restoring this as one of my exit strategy.