Denham Springs, LA · Member since 2018 · 2 posts · 0 votes
Please forgive if this has been asked before. I'm just starting out and have done a couple of house flips. In the process of purchasing a fannie mae/freddie mac foreclosure. If I'm purchasing the house with all cash, does the 90 day rule still apply? Thanks so much.
Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
8y
90 day flip rule applies to buyers purchasing with an FHA loan so your purchase of the property with cash will not have an impact on the rule. It all depends on the financing of your buyer.
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
8y
There are 2 different “90 day” rules.
The OP is talking about a resale restriction when buying a Fannie REO/short sale, not the fha 90 rule for an end buyer.
Yes, the rule/deed restriction applies regardless of your or the end buyer’s financing.