FHA new underwriting guidelines. 60 days to close?

[Account Closed]

Hey everyone,

Just got my first flip under contract, but the buyer is trying to close until April 8. When I asked the agent why it would take them to so long to close, he mentioned that due to the new FHA guidelines, it will take a lot longer than it used to.

Is anyone familiar with this new guidelines? There are a lot of FHA buyers around the area and I was just curious. Down the road, I can see how this can have a huge impact for many investors who need the capital to keep rolling the funds into another projects.