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Vanessa Brostovski's profile image
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Vanessa Brostovski
  • Real Estate Investor
  • from Lincoln, California
  • Member since Apr 21, 2009

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Vanessa Brostovski's profile image
Vanessa Brostovski's profile image
Vanessa Brostovski
  • Real Estate Investor
  • from Lincoln, California
  • Member since Apr 21, 2009
Vanessa Brostovski
  • Real Estate Investor
  • Lincoln, CA
1
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Tax, SDIRAs & Cost Segregation

Flipping Laws

Vanessa Brostovski
  • Real Estate Investor
  • Lincoln, CA
Posted

Does anyone know where I can read about the Federal and state laws for FLIPPING properties? For example, do you have to hold a certain amount of time before you can even put your place up for sale? Any resources/websites would be great. Thank you!

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Scott M.'s profile image
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Scott M.
  • Real Estate Broker
  • from Rochester Hills, MI
  • Member since Jun 9, 2009

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Scott M.
  • Real Estate Broker
  • from Rochester Hills, MI
  • Member since Jun 9, 2009
Scott M.
  • Real Estate Broker
  • Rochester Hills, MI
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Scott M.
  • Real Estate Broker
  • Rochester Hills, MI
Replied

I have not heard of any laws that says you can't buy a house on Monday and put it up for sale on Monday.

Certain types of loans will require you have held it - for example if your buyer is getting an FHA loan you need to own it for 90 Days.

this is a great webiste for info - use the search box for "seasoning" "holding" "flipping" etc.....

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