Fannie Mae Deed Restrictions

[Lisa Monroe]

Hi Everyone,

I know there has been many threads on this 90 day flip topic but I would like to know if this deed restriction applies to buyers using a FHA loan only or anyone.

For instance, I wholesale a property to investor A for no more than 120% of acquistion price. He is a cash buyer and it is a FM property. Would he have too hold the property for 90 days even though he is a cash buyer?

[J Scott]

For FNMA restrictions, it's 90 days and 120% of original purchase price, tied to THE PROPERTY.

So, it can be resold unlimited number of times during the 90 days following the original purchase, but none of the sales can be for more than 120% above the original purchase price.