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Updated about 10 years ago on . Most recent reply
Accept a Great FHA or Hold Off for Conventional/VA
We finished a flip in 6 weeks and received multiple offers on our last flip in the first two days. All have been FHA and it got to $11k over with no closing. The problem is the anti-flip clause with FHA. I wouldn't be able to sign a contract until mid March then close mid to late April. Would you hold off for conventional/VA or accept FHA? The FHA offer said they are willing to increase their offer to account for additional holding costs but I some think I want to wait that long to close in case it falls out or to get additional properties. Thoughts?