From: Al Klein 
Newsgroups: alt.invest.real-estate alt.realtor.relocation law.court.federal misc.invest.real-estate alt.invest.real-estate.methods
Subject: Re: Flipping IS Illegal
Date: Tue, 15 Jul 2003 04:44:40 GMT

On Mon, 14 Jul 2003 07:15:45 GMT,  posted in
alt.invest.real-estate:

>"Baird Spalding"  wrote in message
>news:wKaQa.10335$pO5.7906@fe03.atl2.webusenet.com...
>> On 12-Jul-2003, ehcorp1@lycos.com wrote:

>> > Flipping is not illegal, but under HUD's new 90-day rule there is a
>> > prohibition on HUD mortgage insurance for property owned less than
>> > 90-days by the seller.  Some conventional lenders follow government
>> > guidelines so you're back to 90-days.

>> If flipping is such an upright practice, why does the industry frown upon it
>> and pass rules against it?

>Baird, you do sell RE in Florida, am I correct?

No, he lists it, he doesn't sell it.  (Can you believe this?)