Posted by Ken (Fl) on October 09, 2003 at 12:23:59:
To the best of my knowledge there is no flipping law, so I don’t understand the difficulty.
You may find an issue with seasoning on the current mortgage but that can be worked out by a competent mortgage brocker if you need to go that route. You may need to supply receipts of what you did do.
You could also suggest a hard money lender to the buyer. Use that money for purchase/rehab or both.
Create a note for the equity, Sub 2, L/O.
I think you find an easy solution here on the message boards.