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Buying & Selling Real Estate

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Keith Belzner
  • Nottingham, MD
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109
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How quickly can I resell an un-rehabbed house in Maryland?

Keith Belzner
  • Nottingham, MD
Posted Feb 25 2015, 14:49

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.

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