The Federal Housing Administration has extended a waiver on its “anti-Flipping” rule allowing home buyers to resell homes within a 90 day period. This has the greatest impact on those buyers who are investors seeking financing to flip homes. In 2003 this anti-flipping rule was implemented to protect borrowers from potential losses on homes that were flipped, however the Obama administration removed the waiting period on resales in order to stabilize home prices in communities hurt by foreclosures.

This is wonderful news for those looking to invest in homes and resell them within the 90 day period, which is the time the Department of Urban Housing and Urban Development estimate it takes to flip a home. There are many opportunities for home flipping in the Miami Beach area, for more information please consult our property search. Happy Flipping!