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Updated over 8 years ago on . Most recent reply

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Tyler Standish
  • Walworth, NY
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FHA Anti-Flipping Law on HUD Homes - Clarification

Tyler Standish
  • Walworth, NY
Posted

Hi,

I am looking at a HUD property to flip. This would be my first fix and flip, so I am very new to everything. I was hoping to get some clarification on the anti-flipping rule. Does this only apply if the buyer is going to be financing with an FHA loan? And if so, is it typical that buyers of these homes are most likely going to be using FHA loans?

Thanks!

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

as it relates to what I do .. its a deed restriction that says you need to own it for a certain amount of time. .and or you can only sell or refi it for a small% above what you paid for it.. during this period of time.. which I believe is 90 days. 

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JLH Capital Partners

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