Time limits for flip - Posted by Joshua

Posted by JohnBoy on April 16, 2004 at 23:10:42:

No. You can sell it immediately. Now if your buyer is getting a loan the lender may require title seasoning where the property must be in the seller’s name for 12 months, but that is a lender issue and has nothing to do with any law against reselling a property within a certain time period after buying it. If your buyer has the cash or a line of credit to use this won’t be a problem. If your buyer is getting a loan then it could be a problem with the lender.

Time limits for flip - Posted by Joshua

Posted by Joshua on April 16, 2004 at 17:34:06:

I live in Missouri and I need to know if in Missour Is there a minimum amount of time that a property you buy to fix and resell must remain in your hands before you can resell it?

FHA funding rule - Posted by William Bronchick

Posted by William Bronchick on April 19, 2004 at 08:56:51:

There is a funding rule for FHA insured loans, which requires the seller to have owned the property for 90 days in order for the property to qualify for an FHA loan. Other than that, JohnBoy’s answer explains it all.