Updated almost 10 years ago on . Most recent reply
Bidding War in Connecticut
First time flipper here, found a really good deal and am now in bidding war in Fairfield County Connecticut. I have come up with two numbers using the biggerpockets house flipping calculator. One with a 4 month holding period (26% above asking) and another with a 6 month holding (16% above asking). I really want to jump in on this deal if for nothing else to get a flip under my belt but don't want to make a stupid mistake.
I do have a great agent (my aunt) who is very experienced with helping flippers buy and sell and is even bringing in a great contractor who I got a good quote from and trust.
Should I be conservative and go with the 6 month offer or try to lock it down with the 4 month offer, the difference is about $10,000. Do you think I can sell within 4 months of closing on my first flip with those ducks already in line?
