I understand that it is legal in the states of VA and also in NC and SC to flip houses. Is that true? Any answers would be appreciated.
Hmm :huh…Are you serious? Flipping houses?
It depends on what you mean. The legal connotation of illegally flipping houses is when you make a series of quick “straw” or “paper” sale to artificially inflate the apparant value of a property, normally to concoct some sort of fraud. This is legal in the entire country.
If you mean to buy a house and quickly resell to another person for a quick profit, then that is legal in every state. Although it is questions like this that have most investors using the term “wholesale” instead of “flip”.
salverston, don’t you mean ILLEGAL in the entire country ?