Posted by Bob on September 21, 2003 at 17:17:49:
From what I am seeing, this may impact the person you sell to more than you - banks are increasingly requiring that sellers have a “seasoned” title (hold title for 12 months) before they’ll loan to a buyer. But willihng banks are out there - persistence is the key. (I am not a mortgage broker, so they may have more details on the specific FHA regulation.)
newbie question - Posted by nj
Posted by nj on September 20, 2003 at 12:09:52:
I just decided to start real estate investing. I have been attending sheriff’s sales, and I have a property i am interested in. I have the 20% down payment. I recently heard about the FHA’s anti-flipping regulations, and I want to find out how this will affect me, as I will want to quickly sell this property to generate cash flow.