How quickly can I resell an un-rehabbed house in Maryland?
Hi BP, My question is how soon after purchasing a property can I turn around and resell it through a Realtor without doing any improvements, specifically in Maryland?
I have been searching for the answer online but unable to find anything of value. I will be talking with my lawyer about this at our next meeting but thought I'd try here with all of the knowledge available. I have been told that you cannot sell like this at all as this was the definition of "flipping" and illegal.
For ex.
I purchase @ $65,000 with an ARV of $135,000 (if this even matters if I'm listing it)
I list it at $110,000 with no or little (less then 3% of arv) improvements.