What percentage of Flips are unsuccessful?

[Scott Szurek]

I was wondering if any veterans of the Single-Family residence flipping business have stats for the % of flips ending up losing money and maybe also days per flip.   Do you keep detailed stats about each flip? 

[J Scott]

Over about 100 flips that I've completed myself (not new construction and not passive investments), we've lost money on 2 deals.  The average hold time from purchase close to sale close is 137 days (it's 104 days for flips completed locally -- the long-distance flips take a good bit longer).