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Attention Investors - 90 day FHA flip rule - Waived
February 1, 2010 4:46PM
by: Ingrid Owen
Acquire, rehab a house and list for sale with a bigger pool of buyers & quicker return, now that the 90 day FHA... (more)
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Acquire, rehab a house and list for sale with a bigger pool of buyers & quicker return, now that the 90 day FHA rule as been suspended for at least this year. With the 1st time homebuyer $8,000 tax credit deadline of 4/30/10, I anticipate there will be a high demand of buyers out there in the next few months. Some great opportunity for investors, now! See Washinton Post article: http://www.washingtonpost.com/wp-dyn/content/article/2010/01/28/AR2010012804704.html?wprss=rss_business
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With the suspension of the FHA flipping rule for at least one year the opportunities for investors and first time... (more)With the suspension of the FHA flipping rule for at least one year the opportunities for investors and first time homebuyers, alike great increase. I would think this will increase the pool of homes available to FHA buyers and investors who now don't have to wait 90days to turn a rehab.Mark GelowFebruary 2, 2010 12:27PM
