Selling Property With Low Equity Before 6 Months
Hello Everyone! I am fairly new to real estate and this is my first post on BP. My partner and I are looking to fix and flip a property. I know there's a stigma behind selling a property with low equity, but is it possible? Essentially we want to take out a "standard" loan and fund the rehab with cash (we don't have enough captial to buy properties and rehab). I keep reading that you cannot/should not sell a property you have with 1) low equity and 2) before six months (some examples I see is that it is illegal to do so due to anti-money laundrying laws). So is going the route of a standard mortgage smart/legal?
Thank you!