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Running a business is nothing short of exhilarating. The highs are high & the lows are low. We are all trying to chip away & fulfill a vision to earn incredible amounts of money, have a lasting impact, and make a difference in the local community. But, we can only do that if we stay in this game we call business. The core concept of Midwest Mogul’s Show is to share experiences on how to Make Business Enjoyable Again. We will be interviewing & meeting with other business owners to share their secrets to success. And most importantly, how they consistently stay ”in the game” after dozens of years.
Episodes
Tuesday Jan 26, 2021
Tuesday Jan 26, 2021
In this episode of the Invest for More Real Estate Show, Carter goes over how the FHA flip rule can be a wild surprise if you aren't aware of it! The basic concept of the rule is that you cannot sell a property for more than 2x the original sale price within a 90 day window.
This means, if you buy a house for $50,000, you cannot sell it for over $100,000 within 90 days of the deed being recorded. We have run into this issue on numerous occasions and the best way to handle it is by letting you Realtor know you cannot take any FHA offers until day 91.
Again, you do NOT want to be caught in a situation where you accept an FHA offer before then because this will delay your closing process & potentially kill the deal!
To connect with me online go to https://www.sellfoxvalley.com/
Instagram @cartercrowley_
Facebook @carter crowley
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