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#291193 - 05/18/09 11:21 PM Any way around the FHA- 91 day flip rule?
P-Town Offline
Member

Registered: 12/15/08
Posts: 328
Loc: Northern Ca
I am a real estate agent and investor. I have several properties for sale right now that I bought, fixed up and relisted for sale. I have had several offers on both properties but all offers are FHA. As you know FHA and some conventional loans will not allow the property to be resold within 91 days. I am specifically looking for a solution for FHA buyers but would be interested in other programs for conventional buyers as well.

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#291224 - 05/19/09 03:13 AM Re: Any way around the FHA- 91 day flip rule? [Re: P-Town]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8596
Loc: georgia
I think FHA has made exceptions for banks on foreclosed property but on flips with regular buyers the time period still applies.

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#291288 - 05/19/09 04:08 PM Re: Any way around the FHA- 91 day flip rule? [Re: super realtor]
REO Man Offline
Member

Registered: 03/21/07
Posts: 49
Loc: GA north Metro Atl.
I just do a lease/purchase agreement for 3 months. Have sold several that way, and most people are fine with it as they are getting a good deal and I'm paying closing cost.

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