This will help you move those fix-n-flips to first time home buyers
Jun 24th, 2008 | By admin | Category: Real Estate Investing in GeneralThe government temporarily suspended a 5-year rule that required you to hold title to a property for 90 days before it could be resold using a government loan (FHA). This is a result of all of the foreclosed properties out there.
Here is the article:
Government suspends property-flipping rule – Jun. 13, 2008
What isn’t 100% clear is if this applies to properties that are acquired via a short sale too or just those that have been foreclosed on and therefore are bank owned. I am hoping it is both.
If this is both – this is wonderful for investors and will allow you to find, fix and flip these homes to first time home buyers with an FHA loan.
Happy Investing
Related articles by Zemanta
- Purchasing a Fixer Upper Home Made Easy with FHA 203-k (kristalsellsdenver.com)
- Number of first-time home buyers is increasing (msnbc.msn.com)
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=886313de-4d99-44d9-b275-3e3415d8e8bc)
Interesting Chart – Detroit Home Prices on the Rise
As you build your wealth in Real Estate and other ventures often you will need to brainstorm a new idea and make sure that it is a sound approach – or you may need to brainstorm how to grow your current project or idea.
Here are a few online tools that may help you with your brainstorming activities:
Wridea – this is an idea… Continue reading Online Brainstorming Applications
How can you do them?
Question:
First, I’d like to thank you for doing the coaching webinar series, they have been very helpful so far. I got a call from a seller who has very little (if any) equity, so I was planning to do a cooperative option with them. Then I found out that the property has been listed with a… Continue reading Lease Options with Realtors
