Posted by Ironmanfla on August 30, 2003 at 15:09:59:
Rose,
You can sell your property as soon as you would like, but if your buyers are going try to finance with an FHA loan, you will need to wait 90 days. Simply have your buyers go with a different program. All loans are not FHA insured. I would recommend that you join a local investors group and talk to some mortgage brokers who can think “outside the box”.
I’m new to real estate investing and I was told by my mortgage broker that once I get a property I have to wait at least 90 days before I can resell it. Does this apply to every situation or just certain ones? I guess by being new I can’t afford to sit on anything too long. Any suggestions? Thanks