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Updated almost 16 years ago on . Most recent reply

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7
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Kyle Brumenschenkel
  • Real Estate Investor
  • Daytona Beach, FL
0
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7
Posts

RESTRICTIONS On Flipping!!!

Kyle Brumenschenkel
  • Real Estate Investor
  • Daytona Beach, FL
Posted

I've been talking with a lender about financing my first home and immediately after, buying investment properties. She told me yesterday that I must hold title on a property at least six months before selling to someone who is buying the house by financing it. This can't be true! Can it? She also says that In order to sell a house for more than I bought it, I must show improvements I've made that warrant the price increase. Basically she's saying you can't do your homework and find a deal on a property and immediately resell it for a fair price. That's crazy. What does everyone think?

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