Wanting to sell my very first home within 6 months

[Ibrahim Alanqar]

Hey everyone, I have a question about what happens if I intend to sell my very first home within 6 months. The thought was to use the low downpayment offered for home buyers, buy a rehab , fix and sell. I know there may be a tax on the capital gain, anything else could become an issue? Would I be fined for doing so? Any consequences on the realtor? Thank you all !

[Brent Coombs]

@Ibrahim Alanqar, the first thing that springs to my mind is: how will you find suitable deal/s for flipping, when you'd always be competing with cashed-up Investors/Flippers in the first place, who don't have to wait the length of time you would need to in order to close (and who therefore can get discounts easier than you, even though you'd need those same discounts), and who don't have to worry that the home may not pass the "habitable" test. 

Also, FHA-approved Lenders may take a dim view if you started making a habit of it! Just sayin'...