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Rehabbing & House Flipping

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Drey Taylor
  • Investor
  • Plano, TX
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63
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Selling a Flip to VA Buyer

Drey Taylor
  • Investor
  • Plano, TX
Posted Sep 1 2014, 08:42

I'm ready to sell my flip property where most of the buyers are using FHA/VA loans. I'd prefer to avoid FHA, so I'm looking strongly at one of the VA offers I received. According to my broker's favorite loan officer, VA flip rules are the same as conventional. Is this true?

Here's what she sent on VA/Conventional flip rules:

And for good measure, here's what she sent me for FHA flip rules:

Anyway, I wanted to see if I could get some independent verification that the VA process isn't going to be as cumbersome as the FHA program. Any insights on how I can follow-up with the broker on a VA loan to ensure the process will run as smooth as possible is welcome as well.

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