fha antiflipping law: Working with Investors who FLIP? No sale for 90 days!! - 09/15/09 03:27 PM
Did you know that there is a Anti-flipping law?  What does that mean? It means if you purchase a property as an investor and you want to flip it you have to wait 90 days BEFORE YOU can accept a contract for the property. It's across the board, conventional, FHA, and VA....
So be prepared to hold the property for 90 days... FYI
Here is some info. on the FHA regulation...
Below you will see my email from FHA in response to my phone inquiry.  In the response, you'll see that they cite Handbook 4155.2.  A search of HUD's website led … (3 comments)