All Forum Posts by: Mike Romano

Thank you!  @Obed Calixte

Hey everyone,

I have a buyer ready to submit a full asking price offer on my flip, but the 90-day flip rule won’t be lifted for another two weeks. I really don’t want to lose this buyer—what’s the best way to navigate this?

Would it be a good idea to take a deposit to secure the deal until the rule clears? Or should we sign the contract now and set the execution date for two weeks later?

I’d really appreciate any advice or experiences you can share. Thanks in advance!

The buyers are FHA-qualified, and I mentioned the option of switching to conventional, but they prefer not to. Can they get pre-approved for a conventional loan and then switch to FHA once the 91-day requirement is met?

Thanks, @Crystal Smith! I’d love to get more details about Option 2.

Hey everyone,

I have a buyer ready to submit a full asking price offer on my flip, but the 90-day flip rule won’t be lifted for another two weeks. I really don’t want to lose this buyer—what’s the best way to make this work?

Would it be a good idea to take a deposit to secure the deal until the rule clears? Or should we sign the contract now and set the execution date for two weeks later?

Any advice or experiences with this would be greatly appreciated! Thanks in advance.

Hello, 

I'm the end buyer, getting this assignment Trust through a wholesaler. I haven't done it this way before. I see only on the contract, only my name not my LLC. I also hear that HML does not loan this type of contract. I would appreciate it if anyone could guide me in this.

Thank you!

Hello, @Joseph Chiofalo investment property.

Hello,

I am looking for recommendations for any local banks in the Orlando or Deltona, FL area that offer cash-out refinancing.

Thank you!

Hello,

So, we put this property under contract with a wholesaler, after a month, the contract expire today, and we can not close this deal, because the sellers have been unresponsive to the wholesaler. the wholesaler asked me if I wanted to extend the contract, but these guys trying to contact the sellers for the last two weeks now, and no response.

What do you think we should do in this situation?

This is fantastic, @John Karg  @Jay Thomas  Much appreciated for the information.