Who will buy my flip?

Months ago buyers were reaching out to me every day looking for properties to flip. Now they are not. Why is this?

Current Market Dynamics

There are fewer buyers for the flipped properties. What a lot of people don't know is that the demand for housing right now is being led by owner occupants, many who are FHA buyers.

FHA No Flipping Rule

To sell to an FHA buyer, you need to wait 91 days to go under contract due to the FHA NO FLIPPING RULE.

Impact of Rising Interest Rates

Also, interest rates have gone up markedly, so these potential buyers cannot afford as much. Buyers don't want to get caught holding the bag on a flip of a property you never wanted to own.

Advice for Sellers

Sellers, it is time to unload the properties that you don't want to own long term.

Original post