My Flip Buyer Using FHA to Finance the Purchase

[Robert Shoffner]

So my flip was finished in 60 days total, from purchase closing to going under contract to my buyer. It was about $30k or so in rehab cost. The buyer is using an FHA loan. The first red flag was the banker said, 'a 200% increase in price in 60 days, no way!' So we sent over before pics and the rehab cost schedule.

The second issue is the FHA loan itself. I think they require the items on the inspection report to be fixed prior to closing (a friend with lots of flip experience told me he thought so). So does anyone know if this is true??? I know the house is a great product for the buyer, and I'm okay fixing a few small items they pointed out. But do I HAVE to, or the bank ad FHA get to kill the deal??? The sales price is $114k which is entry level in my market, but the house has awesome features no 114k house usually comes with; its a real gem.

Can FHA and the bank kill my deal on the home inspection items? How tough can I negotiate with the buyers on them?