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Updated over 8 years ago on .

User Stats

386
Posts
151
Votes
Mike Landry
  • Investor
  • Montgomery, TX
151
Votes |
386
Posts

Usda issues on a flip?

Mike Landry
  • Investor
  • Montgomery, TX
Posted

i have a house i was originally going to keep but am now going to sell it. I have an offer with a usda loan that i have verbally accepted. The house qualifies and i know it can take a little longer. The problem i am curious about is if they need "justification for increased sales price". I got a really good deal and am still selling slightly below market but not sure if my work is "justifiable". And im not coimg down on price if they have an issue, ill just keep it. Anyone see issues here? Purchase 80,000, rehab 10,000, contract sales price 135,000. Thanks.