FHA News for Flippers - Are you a flipper? re habber? Govt is going to slow you down, FHA killing quick flips.

[Brian Gibbons]

"Can you still do a short-term house flip using federally insured, low-down-payment mortgage money? That’s an important question for buyers, sellers, investors and realty agents who have taken part in a nationwide wave of renovations and quick resales using Federal Housing Administration-backed loans during the past four years.....officials say, it’s time to revert to the more restrictive anti-quick-flip rules that prevailed before the waiver: The 90-day standard will come back into effect after Dec. 31 2014.

The answer is yes: You can still flip and finance short term. 

But get your rehabs done soon.

http://www.washingtonpost.com/realestate/fha-inten...

What do you think @J Scott @Ann Bellamy @Ned Carey @John Jackson ????