Creative homepath purchase

[Shawn Mcenteer]

I have found a property that has jumped out at me as a must have. It is listed on homepath.com. I own a primary residence and would like to purchase this particular property as a fix and flip, are there creative ways the purchase this property even though I would be buying it as an investor? Must I wait the 20 day investor window and would I have to hold onto the property for an extended length of time before I am able to sell it? Also being an agent would I be able to represent myself in submitting an offer?

[Patrick L.]

On the Fannie's I've bought the deed restriction has always been no transfer within 30 days and no transfer for more than 120% of the purchase price in 90 days.

There is no creative way around the owner occupant period unless you live there for a year and then move to a new house. As an agent you should be aware of these rules. You'd be signing documents at closing affirming that you will be occupying the property as your primary residence so as an agent you'd probably lose your license in addition to the standard fraud charges you could face if you chose to ignore the rules.