In an effort to get as many foreclosures off the market, the FHA has lifted some restrictions on investors who wish to "flip" a house. Now private companies that assess and purchase foreclosures are encouraged to buy more foreclosed properties and sell them to buyers using an FHA loan. Of course some rules apply, a house cannot be flipped for more than a 20% profit and this exemption only lasts a year. This is a great opportunity if you have an interest in getting into house flipping.
Subscribe to:
Post Comments (Atom)
Comments
Post a Comment