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Updated about 7 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • El Paso, TX
0
Votes |
9
Posts

90 Day Rule for Selling a Foreclosure Flip in Texas?!

Account Closed
  • Rental Property Investor
  • El Paso, TX
Posted

Hi, I'm new to the real estate game. I just learned from a realtor that foreclosure flips cannot be sold for 90 days here in Texas. One one hand, this is good, since I have 90 days to rehab the house I want, instead of feeling the pressure to be done in 30 days or less, but finding out that I can't sell it for 90 days is insane. I will be paying interest and points on a hard money loan. I'm in Texas, and I'm wondering if anyone else has any experience with this here or in another state.

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