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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] condo flip works too Posted by Skimmer on April 12, 2009 at 12:30 AM In Reply to: condo flip posted by gc on April 11, 2009 at 11:22 AM Just make sure you get a deeper discount that is enough for profit. I did only one last year, and I stopped buying it, since it was the lowest ROI (return of investment) deal I made last year. Skimmer : Is there a down side to flipping condos? I think I heard Bruce Norris say that it is not a good idea since lots of buyers will purchase using FHA, and FHA requires seller to be owner for at least 6 months. Is this correct, or am I missing something? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Just make sure you get a deeper discount that is enough for profit. I did only one last year, and I stopped buying it, since it was the lowest ROI (return of investment) deal I made last year. : Skimmer : : Is there a down side to flipping condos? I think I heard Bruce Norris say that it is not a good idea since lots of buyers will purchase using FHA, and FHA requires seller to be owner for at least 6 months. Is this correct, or am I missing something? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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