I looked aroung Google for rules about flipping a Fannie Mae owned property .
I know HUD has rules about buying HUD properties as a owner occupied or as an investor .
My question is , can an investor buy a Fannie Mae property , then try to flip it while holding the property for as short a period of time as possibe ?
I couldnt find any holding period requirements or preferences being give to owner occupied Fannie Mae properties ?
I know at one time Fannie Mae would not back a mortgage
on a property that was owned by the same person for less than 3 months. I think they rescinded this rule recently, thou I'm not sure about that .
So, can an investor simply buy a Fannie Mae owned property and then attempt to flip it without any holding period requirements ?
I'm thinking yes , thou not very sure with my answer.
I'm hoping someone can clarify this for me .
Thank you in advance for any info and responses .