FHA Property Flipping Waiver
FHA has temporarily waived the "flip rule" in which the Seller must own the property for > 90 days.
BE CAREFUL! Not all lenders observe the waiver.
Questions to ask, whether you are the Listing Agent or Buyer's Agent of a "flip" property:
1. Is there a minimum time the Seller must own the home prior to executing a sales contract?
2. Is there a cap on the allowable profit?
3. Will receipts be required to document the improvements?
Find out why "The BLT" is highly experienced on "flip" transactions. Give us a shot; you'll be gald you did!