A question for flippers and rehabers
Or anybody else who happens to know the answer to this question. How long after a property is bought can you resell it?
I think it can be done the day after closing.
{IE} I buy it today I happen to have a buyer lined up he puts a contract on the property the next day and I can sell it when his bank approves the loan.
Highly unlikely but if its a cash buy as soon as I close, I can resell it?
Just curious since most of these TV show show people buying and selling supposedly within 30 days.
I know typically when you close on a house you have 30- 60 days, depending on what day in the month you close, before your 1st payment is due.
So what if you get lucky and sell it 2 weeks after you bought it? I'm assuming you don't have to wait till you get your 1st payment to resell it.
any help would be greatfully appreciated, thanks. :mrgreen: