Updated about 8 years ago on . Most recent reply
hard money loan
why is my lender saying that on a home flip, that the owner who is flipping has to have it for 90 days before selling unless its bought cash. TIA
Most Popular Reply
This is typically if your buyer is using FHA funds like Travis and Steven said. It is likely your lender requiring 3 months interest as well. I'm a hard money lender in Texas and this isn't something we do but it isn't uncommon for others.