What does the new anti flipping legislation mean?
Can someone tell me, in lamen's terms, what the recent anti flipping legislation is made up of? and how it will affect REI?
Jpzink
Can someone tell me, in lamen's terms, what the recent anti flipping legislation is made up of? and how it will affect REI?
Jpzink
I believe it only affects people that will be using FHA loans to buy the house you have for sale/flip.
jpzink,
What ever method of investing you are involved with basically if your buyer is wanting to or needing to finance using an FHA program then the new rules & regulations will apply so you will have to live with them.
Overall these new rules will not effect REI as a whole as there are lenders that offer different programs other than FHA.
Also some methods of creative real estate investing such as Subject To are not effected by this program or buy and hold investors.
John $Cash$ Locke