If you are interested in buying homes in the Arizona real estate market, for the purpose of renovation and re-sale, then please contact Arizona Wholesale Mortgage about our new FHA Flip Loans.
If you are an Arizona Real Estate flipper, as long as you do not try to market the home for more than 20% above what you paid, we can provide your buyers with an immediate FHA loan on your Arizona investment property flip.
Again, the only stipulation is that you cannot sell the home for more than a 20% commission.
If you are investing in real estate that needs major renovation-- in other words, 20% would not be compensatory for the type of property you are investing in, your property ownership will still need to be "seasoned" before a buyer will be able to get an FHA loan.
This means that you need to own the home for at least 90 days before somebody can get a loan to buy your property, if you need a fast flip though, this is the way to market your Arizona investment property.
This is a perfect loan program for the investor who buys the type of property that just needs some paint and carpeting.
Go ahead and buy that $80,000 foreclosure today. We can qualify your buyer and our new client for a $96,000 mortgage tomorrow.
You can email me using my ActiveRain blog, or go to my contact page here.
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