Episode 25 - DON'T Get Surprised by the FHA Flip Rule
6 Minuten
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Beschreibung
vor 4 Jahren
In this episode of the Invest for More Real Estate Show, Carter
goes over how the FHA flip rule can be a wild surprise if you
aren't aware of it! The basic concept of the rule is that you
cannot sell a property for more than 2x the original sale price
within a 90 day window.
This means, if you buy a house for $50,000, you cannot sell it
for over $100,000 within 90 days of the deed being recorded. We
have run into this issue on numerous occasions and the best way
to handle it is by letting you Realtor know you cannot take any
FHA offers until day 91.
Again, you do NOT want to be caught in a situation where you
accept an FHA offer before then because this will delay your
closing process & potentially kill the deal!
To connect with me online go to https://www.sellfoxvalley.com/
Instagram @cartercrowley_
Facebook @carter crowley
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