GREAT NEWS in 2010!
FHA waives the 90 day Flip Rule for 1 year beginning Feb 1, 2010.
This will allow investor owned properties to be purchased by buyers with FHA loans without having to wait the 90 days.
Investors, this will increase your bottom line as you have a greater opportunity to have your property be looked at and bid on by a lot larger buyer pool from day 1. This will also reduce your holding costs.
For our blog article go here: Robert & Christy's Blog FHA Waives 90 day flip rule
For details on those conditions and further information directly from the source at HUD, go here: HUD FHA Waiver requirements 24 CFR203.37a(b)(2)