flipper: The FHA Anti-Flipping Rule and What it Means for Flippers and Buyers
- 06/04/19 07:57 AM
If you are buying, fixing, and flipping single-family houses – particularly starter homes – then you need to know about the Prohibition of Property Flipping Rule created by the Department of Housing and Urban Development (HUD) to prevent egregious predatory flips within the Federal Housing Administration (FHA) mortgage insurance programs. I will first explain the rule, then the exceptions to the rule, and finally the strategy flippers and homebuyers can take. The FHA anti-flipping rule was instituted on June 2, 2003 and includes the following stipulations when the buyer is obtaining an FHA loan: Only owners of record can sell properties. This … (1 comments)
flipper: Should I flip, or buy and hold?
- 05/25/19 06:35 AM
So many people ponder whether they should flip houses, or buy and rent out houses. We will examine the pros and cons of each strategy later in this article. Before deciding between those two distinct strategies, there are three questions to consider first:
Why do I want to invest in real estate? What skills and resources do I have? What kind of experience am I looking to create? Why do you want to invest in real estate?
John D. Rockefeller, the world’s first billionaire, famously stated, “If your only goal is to become rich, you will never achieve it.” A common trait … (3 comments)
If you are buying, fixing, and flipping single-family houses – particularly starter homes – then you need to know about the Prohibition of Property Flipping Rule created by the Department of Housing and Urban Development (HUD) to prevent egregious predatory flips within the Federal Housing Administration (FHA) mortgage insurance programs. I will first explain the rule, then the exceptions to the rule, and finally the strategy flippers and homebuyers can take.
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