Great news Indianapolis real estate investors!!!  FHA has suspended their 90 day ANTI FLIP RULE, beginning Feb 1, 2010.  This will last ONE year.. so get out and flip some houses.

What exactly does this mean?  FHA normally has 90 day rule that an investor must hold a property for 90 days before selling it.  Most savvy investors can buy, fix and flip within 30 to 45 days.  Many properties are sitting vacant, damaged and ready to be bought and flipped by 'good investors'; however, many stay on the sidelines due to the 90 day rule.  This is an attempt by the government to work together with 'good investors' to get these vacant properties repaired and sold, which will help the entire neighborhood, community and city! 

Way to go FHA.. finally a smart decision!  Happy Investing!

Derek Gutting, The Gutting Group, Keller Williams Realty, www.GuttingGroup.com 317 846-4888 direct