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Updated about 12 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Georgia
3
Votes |
34
Posts

Need help with flipping(all offers FHA loans)

Account Closed
  • Real Estate Investor
  • Georgia
Posted

HI.

I recently purchased a home and just finished renovating it for sale. My sale price is about 120% above what I paid for the property. From my understading I am unable to get the house under contract with an FHA loan buyer within 90 days from the date I bought it. I currently have 2 full list FHA offers on the table but can I do anything with them. My agent says no but we are hearing from the buyers agent that she has done these before and never had a problem with the 90 day time frame.

Can anyone offer any input?
Thanks

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