rules on selling

[hatcheme]

What is the name of your state?What is the name of your state? Ohio

I am an investor trying to sell a home I just purchased. Are there laws about how long I have to wait or how much I can sell it for?

 

[Buzz123]

I think this is governed by the law of supply and demand.

 

[FarmerJ]

Youre best bet if you cannot find anything in your state govt web page search tool for the word FLIPPING is to consider speaking with a real estate lawyer and ask if Your state has any laws regulating flipping . Try the links up top to arrange a consult with a local real estate atty .

 

[Souix]

What is the name of your state?What is the name of your state? Ohio

I am an investor trying to sell a home I just purchased. Are there laws about how long I have to wait or how much I can sell it for?

***Did you obtain a loan for this purchase? If so, you can check your TD to see what the lender's requirements are. The mortgage broker I use told me a few weeks ago that the banks are really cracking down on flipping, wanting to see a loan be seasoned for at least a year. Your bank may be different depending on what your terms were.***

 

[HomeGuru]

What is the name of your state?What is the name of your state? Ohio

I am an investor trying to sell a home I just purchased. Are there laws about how long I have to wait or how much I can sell it for?

**A: also check into the tax laws with respect to capital gains.