http://topforeclosuretraining.com/blog/2010/01/16/hud-waives-90-day-seasoning-for-purchasers-great-news-for-investors/ Learn About Opportunities with Short Sales and Foreclosures. Informative Site for Investors and Agents - Free Ebook! Wed, 19 May 2010 06:17:54 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://topforeclosuretraining.com/blog/2010/01/16/hud-waives-90-day-seasoning-for-purchasers-great-news-for-investors/comment-page-1/#comment-14275 Dave Tue, 09 Feb 2010 23:29:20 +0000 http://topforeclosuretraining.com/blog/?p=113#comment-14275 This appears to be horrible news for flipping a property. If you want to sell the house with FHA financing, you can only sell it for 20% more than what you paid. When considering your buying and selling costs, and any fix up costs, there is no profit left. Since 80% of the sales are financed with FHA financing, investors are totally screwed. FHA just shot themselves in the foot. David, please check into the details of this and what it means for flipping. On the surface, I don't see how they think this could possibly encourage investors to buy their properties. This appears to be horrible news for flipping a property. If you want to sell the house with FHA financing, you can only sell it for 20% more than what you paid. When considering your buying and selling costs, and any fix up costs, there is no profit left. Since 80% of the sales are financed with FHA financing, investors are totally screwed. FHA just shot themselves in the foot. David, please check into the details of this and what it means for flipping. On the surface, I don’t see how they think this could possibly encourage investors to buy their properties.

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