I would have her talk to a mortgage broker about her ability to get an FHA loan.

i bought a investment property in the state of new york and i plan on flipping it but my mortgage broker told  me that i need to hold on to it for a period of six months before i can sell.

@Juan Alvarez get your prequalified letter first, you can get this from your existing bank who you bank with or just find a mortgage broker.

@David Stuart, I'm a California real estate attorney and broker and have dealt with this issue multiple times. 

I have been attempting to create a network of real estate agents and brokers who might feed me potential deals with the intention of providing monetary compensation for their efforts.

I would also call a few local insurance brokers as they have access to many different markets and pricing will vary. 

.), which was great, and am taking his advice about starting my connections before I have my deal under contract.I'm look for a broker who has experience with what Alexander mentioned: Delayed refinancing with putting the rehab cost as "settlement cost" on the HUD.I'm in the St.

My first spreadsheet is condensed information form my mortgage broker and lists on the Y axis (vertical): mortgage terms, rate, APR, fixed term, years, credit score, loan amount, sales price, percent down, down payment, FHA funding fee, Total Loan Amount, Estimated Monthly Payment, Principle & Interest, Homeowners Insurance (Flood + Home), Property Taxes (1.23% home price in my county), Mortgage Insurance, HOA Dues, origination fee, appraisal fee, tax service, flood certification, credit report, attorney's fee, title insurance-lenders, title insurance-owners, recording fee, verification of employment, survey, home inspection, water/septic if well, pest, 1st year homeowner's insurance premium, homeowner's insurance escrow, property tax escrow, per diem interest, down payment, closing costs, prepaid expensesOn the X axis (horizontal) I have the numbers for 200k, 250k, 300k, 350k, 400k broken down into whether it's single family or multifamily, then FHA or conventional2.)

Just like you don't have to be a stock broker to invest in the stock market.

I'm also in the KC area and work downtown for an insurance broker licensed in all 50 states.