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kane · 02-09-2010, 08:09 PM

I "flipped" a house once. We bought it, renovated it and resold it. It took about 6 months total from the time we bought it until we sold it. Part of the reason it took so long is that we didn't know what we were doing so we just kind of winged it. The other reason is that I did this with some friends, all of whom have regular jobs, so they either pawned stuff off on me because I work for myself and they felt like I had the extra time or they just didn't feel like working after spending 8 hours at their regular job. Eventually we got everything done and selling it was actually the easiest part because it was in an up and coming neighborhood with good schools, but it was a major pain in the ass.

Some day I might do it again, but I would plan it better and make sure all the details were taken care of before we started anything. This was about 7-8 years ago though. I'm not sure I would try it in the current market. Although if you could find a killer deal and rent the property out for 3-5 years then sell it when the market has returned it could provide some nice extra income.

02-09-2010, 08:09 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I "flipped" a house once. We bought it, renovated it and resold it. It took about 6 months total from the time we bought it until we sold it. Part of the reason it took so long is that we didn't know what we were doing so we just kind of winged it. The other reason is that I did this with some friends, all of whom have regular jobs, so they either pawned stuff off on me because I work for myself and they felt like I had the extra time or they just didn't feel like working after spending 8 hours at their regular job. Eventually we got everything done and selling it was actually the easiest part because it was in an up and coming neighborhood with good schools, but it was a major pain in the ass. Some day I might do it again, but I would plan it better and make sure all the details were taken care of before we started anything. This was about 7-8 years ago though. I'm not sure I would try it in the current market. Although if you could find a killer deal and rent the property out for 3-5 years then sell it when the market has returned it could provide some nice extra income.