Closing Question on recent flip ?!

[Paul K. McCoy]

Good afternoon BP members! I've got a question and was curious to hear others experiences. We have a home under contract that we recently flipped. The buyer is using A local bank that does their own closing. Our Purchase price was $91500 and after rehab completion we now have it under contract for $180k. My concern is when the bank pulls my deed what will happen when they see the original purchase price only 5 months prior? (Of course that bank will also be doing the appraisal too) All the best. Paul

[Brian Pulaski]

Back in CT it never came up on any of my flips. I never had to substantiate anything, so maybe the same will apply. I had a $91,500 purchase and then a $250,000 sale on the same house, sold it to a couple with a VA loan, and the bank didn't ask for anything from me. Other areas may vary, but this has been my experience.