Quote:
Originally Posted by Topspinmo
Maybe it changed from 2 years to 1? Why said new rule. I wonder if I pay cash for house how can the stop me form selling it?
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In 07 we paid cash for vaca home in TV, the rule you could sell before a year, but any profit ABOVE normal closing, and certain about of upgrades, went back to the developers. Houses were selling in 07, just like today, no inventory, multiple people on the list to buy same home.
Only new item now is new homes can’t be used for investment, it’s now in the closing paperwork.