To try and speed up REO (Real Estate Owned / Forclosures) sales the FHA (Federal Housing Administration) waives the anti-flipping rule. Too many REOs is still a burden on the economy and hopefully this move will help.
This is great news for people that have been thinking about investing but just haven’t for some reason. FHA gives home buyers a lot of benefits and using it for investment purposes can be a great way to get started.
Finding the right property for your needs may be the hard part. Be sure to pick the right agent to help with the transaction. 🙂