Feds Suspend Anti-Flipping Rule

North County Times:

http://www.nctimes.com/business/article_d743162e-03d5-5ffd-af48-24717bd099f2.html

On Feb. 1, the Federal Housing Administration will place a one-year moratorium on its anti-flipping rule, which will allow buyers with FHA-backed loans to purchase homes that have been held for less than 90 days.

This is huge! Real estate investors will now be able to buy, fix up the properties quickly and sell them as soon as possible. It will make the properties available to FHA-qualified buyers in the lower-priced market. It also reduces the risk we investors incur in having a completely fixed up property and getting it vandalized before resale.