Investors find flaws in FHA anti-flipping rules

Restrictions on resale price, same-day closings irk some

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In February, the Federal Housing Administration suspended for one year a regulation designed to hold back "flippers," or investors who acquire single-family homes and then put them back into the market very quickly, often within 90 days.

One would think this would be party time for flippers — and it is! — but there are some caveats within the rule suspension that still limit completely unabashed flipping.

At least the handcuffs are off and that’s welcome news.