Whats Your Average Holding Period?

jam937 profile photo
I was just curious how long others are having to hold rehab properties. 95% of the foreclosures in my area are in the "bad" part of town. Bad as in west side, high crime, low income, etc. Typically I buy for 20k, rehab for 8k and sell for 50k. I average 13k per property. My big problem is that I end up holding the property for 9-12 months. I have no problem finding people that want to but it, but finding someone with decent enough credit to get a loan is like finding a needle in a haystack. I always pay closing costs and downpayment (Ameridream, etc) as well Just curious what others do Thanks

Comments(0)

  • myfrogger6th May, 2004
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    Consider selling on land contract. After they are in the property and you are no longer worried about holding costs you can work to get them qualified.

    Just a thought

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