If you like good news and happiness, check this out… So back in January 2010 we reported (and rejoiced) that the FHA had decided to suspend the 90-day anti-flipping rule for 1 year. The now-infamous rule was originally intended to prevent shady speculators from defrauding the government, but it also stifled the purchase and renovation [...]

On Friday January 15, 2010 we posted the FHA’s announcement to suspend their now infamous 90-day anti-flipping rule for 1 year, effective February 1, 2010. Yes, this is great news for investors trying to flip properties to FHA Buyers!  But after reading carefully through it myself, I see there are also some caveats and important [...]

Friday, January 15, 2010 So I just got back from a late night donut run, and found some titillating news for investors awaiting my return… Apparently today the FHA has suspended the 90-day anti-flipping rule for 1 year, effective February 1, 2010. So for at least the next dozen months, FHA buyers can obtain loans [...]

Did you hear about the new FHA waiver suspending the 90-day no-flip rule? I first caught wind of it Friday through a forum post, then again on Cory’s blog and on CNN. The CNN article says… “The Bush administration is temporarily suspending a 5-year-old rule intended to deter property flippers, as part of an effort [...]