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Updated about 7 years ago,
Title change and seasoning rules
Hi Folks,
Just starting some flipping. Business structure is complete and Wholesalers identified. But I am talking to a lender for my exit strategy after using hard money - he says that for conventional and FHA (talking about the potential retail buyer now after our rehab) are 90 days to change title and 6 months to cash out. So if I have finished my rehab and I am ready to sell in 2 months, I have to wait another month? Is there a stretegic way to structure so I am not bound by these rules?
Thanks!