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Updated almost 12 years ago,
Need help with flipping(all offers FHA loans)
HI.
I recently purchased a home and just finished renovating it for sale. My sale price is about 120% above what I paid for the property. From my understading I am unable to get the house under contract with an FHA loan buyer within 90 days from the date I bought it. I currently have 2 full list FHA offers on the table but can I do anything with them. My agent says no but we are hearing from the buyers agent that she has done these before and never had a problem with the 90 day time frame.
Can anyone offer any input?
Thanks