The new requirements are:The buyer is prohibited from selling the property for any sales price for a period of 30 days from the date of the deed.After a 30 day period, and until 90 days from the date of the deed the buyer is further prohibited from selling the property for a sales price greater than 120% of the short sale price.The above restrictions will run with the land and are not personal to the grantee.Can anyone confirm this and/or possibly have a link to a reputable source?

It comes right off of the freddiemac and fanniemae websites I think it page 5 of freddies, fannies , i just use this handout attached belowhttp://www.freddiemac.com/singlefamily/service/docs/Short_Sale_Fact_Sheet_Pub_908.pdfhttp://www.realtor.org/sites/default/files/handouts-and-brochures/2009/fannie-mae-confirms-short-sales-commissions-policy-2009-02.pdfMaybe the term i used, illegal, was not the correct choice.

I thought it was interesting to find that the more succesful wholesalers share many of the same methods.I was just reading a lot of the posts in the wholesaling blog on this website.

@ David A A couple of things that may need attention, I know they did in my part of Florida. 1) Permits: We contracted with a "reputable" architect for a hair salon family business.

If anyone is looking for a IRA servicer that is reputable, competent and easy to work with, I would recommend First Trust of Onaga (www.ftconaga.com).

I think I might have answered my own question.I went the kw website and found it frustrating as a "client"Prudential site is very easy to navigate and don't feel I need to sell my soul to get info.Granted I myself never use their sites to find any of my properties....but Internet presence is crucial.also when I asked for CMAprudential's format was very easy to read, and KW wasn't.

Both deals were taken from the front page of Dave Van Horn’s website.

I've been browsing BP for months now and reading up on a lot of aspects of RE investing and I just want to say this website is full of great info and people that really enjoy helping and I thank you for that!

I just was amazed to find no record of this "Business Tax" beings the county website says they will impose "substantial penalties" for not having this receipt.

I think that generating my reputation through wholesaling will set me up for rehab flipping down the road.