FHA and Conventional Mortgage Lenders have certain rules pertaining to property flips. If you aren’t aware of these rules, you could agree to purchase a home that has limited financing options.
Fortunately, the FHA anti-flipping rule is suspended for another few months, but is set to be reinstated in 2015.
Learn more about property flips and financing options with our new article, Property Flips: Do you need to wait to buy or sell a property that was recently purchased?
2015 Update: FHA Announces Expiration of the Property Flipping Waiver
For information about the expiration of the FHA Flipping Wavier, see our article: FHA Announces Expiration of the Property Flipping Waiver.