Many of us saw this coming.
After touring what must be hundreds of houses reviewing them for my first time home buyers, investors and relocation clients I’ve seen the effects of poor craftsmanship in many. Now I’m not a home inspector, but I can tell when something doesn’t look right. A new regulation in Washington may make it more difficult to flip houses and put more controls and accountability on the “Flippers.”
The new regulation suggests that investors or developers seeking to buy, fix up and sell a home as a business in a period less than a year shall hold contractors licenses among other requirements. Individuals developing a property with the intent to rent it or sell it outside of 12 months may be exempt.
If you are interested in flipping and turning properties this may be worth looking into before the fines moutnt up.