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Updated over 8 years ago,

User Stats

5
Posts
0
Votes
Akshay Jaswal
  • Flipper
  • Oakland, CA
0
Votes |
5
Posts

Want to sell primary home in 3 months

Akshay Jaswal
  • Flipper
  • Oakland, CA
Posted

Hi all,

I am planning to buy a home which I want to flip and sell within 3 months. Since I will be taking a loan for this home as a "primary home", my lender suggested me to keep the loan/house for at least 6 months. What are the legal implications I can get into if I sell it within 3 months? Have anyone of you done something similar? Please let me know.

Thanks.

Akshay