Updated 12 days ago on . Most recent reply
Selling a Flip to a buyer with an FHA loan
Anyone ever sold a flip within the 91-180 days after purchase window to a buyer using an FHA loan? If so, other than a second appraisal, what else did the lender require from you? Also, trying to figure out what's required per HUD versus a lender's own origination preferences.
TIA!
Most Popular Reply
Actually just did this with a mobile home. The lender was going to require 2 appraisals but all of the inspections came back good and the appraisal came back within 4K of the asking price so I dropped the price to appraisal price and we didn’t have to have another appraisal and I made a 91% profit. Win/Win in my book.