Updated over 9 years ago on . Most recent reply
1st time flip: Too late in season?
I'm reading approx. 4-6 months is avg hold time on a flip. So even if i found an awesome deal now I'd be on market Nov through Dec. at best... which sucks because of holidays. So i am better off putting my flip dreams on hold and searching for a deal again in Jan. yes? -Otherwise I'm holding my flip past 6 months which i def. dont want cause Im using hard money. Plus this would be my first one which will surely add some time.
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I just got caught in that trap last year, for the first time. However, I'm glad I had the house, since finding another one has been a challenge! It finally sold in late April (snafu with 1st buyer who backed out, grrrrr), and I wound up holding it for 7 months. I'm cash, so I'm not in the same boat as you are, but still... You might not be able to find another one in your next "window of opportunity."