FHA Flipping Rules for Buyers and Investors
FHA Flipping Rules Explained
There are two main categories of real estate investors. The first is a long term hold strategy. Secondly, there is flip which is a short term sell for profit strategy. A property flip is when investors purchase a home, renovate it, and then sell it for a profit. Both investments are wealth building strategies using real estate as the catalyst. But when it comes to mortgages, lenders have restrictions and rules for property flips. These rules can potentially restrict a seller’s ability to sell quickly. These restrictions are called FHA flipping rules.
So, property flips sound like a great thing and you would be correct. But, the purpose of this article is to…