Seasoning on HUD Houses For Investors

[Terry Schell]

I was told by one Guru that there is no seasoning requirement for investors who buy HUD properties; that you could "double close" and sell it to another wholesaler the same day.

Then, a Realtor told me he and the Investor had to sign a HUD form saying that the house would be owner occupied for 12 months.

Which is it?  Thanks.

Terry Schell/Houston, TX