BiggerPockets

Help! I am stuck on this one, I have a girlfriend who is starting to flix and flip, we finally got a contract approved that is a Fannie Mae owned property, and the addendum is stating that she cannot flip in within the first 90 days for more than 15%. Yikes! How can we get around this?

Take your time in fixing it, and the 90 days will pass ... :wink:

Check out this other thread, where deed restriction is the topic and a link to search results can be found.
http://www.biggerpockets.com/forums/16/topics/52171-deed-restriction-

Thanks Sam- I was looking for that thread, and couldn't find it. Thanks for your help. Hopefully they will remove it from the contract.

Originally posted by Niki Roberts

Paint, fixtures, and carpet in the bedrooms.

Thanks for all the help! :)

What are you doing and what are you subbing out? Subbing it out will be a lot quicker, but it will cost you more. If you're doing it yourself and also have to work 40 hour work weeks, you should get some friends to help. With help, it shouldn't be too hard to get done quick. But anything you plan to do yourself while working will go slow, and you will get burnt out... trust me! I'm the most optimistic renovator you will ever meet.

To me the glass is always half full. My wife, half-empty.
When I bring her to my latest... project, I say "I'll have this knocked out before the first of the month!" She says, "Yea right, Looks like I won't be seeing you at all this summer!"

Sad to say, but she's always right. I'm delving into #9 right now... needs the same as yours... but I know it won't be done in 90 days (Though for some reason my brain keeps telling me it will)!

Insanity. It's making me start to talk to myself...out loud!!

The list of renovations always seem so easy... just you wait!

and Yes, I want an update when you finish!

My money is on OVER 90 days!

Best of Luck!
Mark