QUESTION ⁉️ “I’m a newbie in this field and was hoping that someone could guide me in the right direction.
I’m in Jackson, MS and have been looking at properties on auction.com. These are my questions:
1. Can I purchase the home directly from the homeowner that is listed on auction.com up until the auction date?
2. Can I sell the property within a few months, and if so, how will me and my partner in the LLC (50/50) be penalized tax wise or limited in any way?
3. I have heard that there are FHA guidelines that restrict people from doing this if financed, but does it make a difference if I have a cash buyer?
Thank you in advance! ”
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