So, you just purchased a Louisville investment home and completed your flip in 4 weeks. Congratulations!
Unfortunately, selling your renovated project may not go as smoothly as you think. Everyone is aware that Freddie Mac and Fannie Mae homes come with a 90-day deed restriction when you purchase the home. But, there may be a holding period even if you do not have a deed restriction. There is a little-known (at least in my area) 2003 rule that was implemented to help prevent predatory flipping. The consequence to investors is that if the buyer gets an FHA loan the closing cannot occur within 90 days of the last sale. If the property is being sold between 90-180 days for more than 100% of the purchase price, 2 appraisals are required and the seller will have to pay for one.
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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.
I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Louisville Homes
Location
The Pointe features a good variety of all-brick homes ranging from $160k-$250K. Houses range in size from 1500 sq ft to over 3000 sq ft and lots range from 0.25 acres to 0.75 acres. The oldest properties in the neighborhood are 10 years old and building lots are still available.
Schools
The Pointe is located on Preston Highway ( HWY 61) just inside the northern city limits of Shepherdsville. It is convenient to I-65 (2 miles) and Louisville (6 miles). 
