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Updated over 14 years ago on . Most recent reply

User Stats

241
Posts
34
Votes
Luiz Souza
  • Real Estate Investor
  • Gainesville, GA
34
Votes |
241
Posts

FHA/Wells Fargo - Hold time & Profit

Luiz Souza
  • Real Estate Investor
  • Gainesville, GA
Posted

I've been working on this SS for a while now, a fixer upper in a great & desirable area !! I plan not to do any work, maybe cleaning - that's all. Based on what the bank is telling me I believe I have a pretty good deal in my hands.

Is 30 days the minimum amount of time required to keep this property before selling? Also, Is there a limit or amount that I need to stay below as far as profit goes? Ex:: Bought the house for $90k and one month later sold for $140 or more?

Thank you.

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