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FHA Flipping Rule Explained | Conventional Flipping Rule | VA Flipping Rule
Manage episode 352264693 series 3159246
Tim Hart द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Tim Hart या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
With our market in SWFL having more rehabbed properties coming onto the market, it is a good time to remind you of FHA Flipping Rule.
If the Seller has owned the property for 90 days or less, then you can’t go under contract with an FHA buyer. You will need the buyer to go under contract on Day 91.
This rule does not apply to Conventional or VA.
If the Seller has owned the property between 91 days and 12 months AND the sales price has increased by more than 5% of the Sellers purchase price FHA could ask for a 2nd appraisal.
If the sales price has increased by 100% or more of the original purchase price within that 91 day -12 month time window, you can expect a 2nd appraisal request from FHA.
Listen to this video to learn more.
Feel free to share this with buyers looking at properties like this or your investors that are flipping houses.
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