FHA Waiver of 90 day flipping rule
Starting Feb 1st, the 90 day flipping rule will be removed. Previously, the 90 day flipping rule had become an enormous burden upon investors b/c it was greatly limiting the pool of available buyers for their properties. For example, Investor A purchases a property, rehabs the property, and then places it back on the market. Any buyer pursuing FHA financing could not begin the loan process on Investor A’s property until Investor A had owned the property for at least 90 days. This all changes with the new rule change. FHA buyers will now have access to Investor A’s property immediately and will not have to wait 90 days.