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Updated almost 10 years ago, 03/31/2015
Houses Done In 2 Months- No FHA Loans Until Own For 3... What Do You Do?
Hey-
What are you guys doing with this terrible anti flipping rule being back into effect this year?
My houses are generally done in 2 months and now I'm in the awkward position of having to decide whether to:
A- list them now, letting agents know won't qualify for FHA financing, and hope I can get conventional/VA buyer
B- have them sit vacant for 3-4 weeks and then list them when can qualify for FHA financing
I'll also mention these are lower price point properties (under $300k list) so the vast majority of buyers are in fact FHA.
What are you guys doing with this? Sigh
Jon