Flipping is 100% legal. There is absolutely nothing wrong with buying a home for a bargain price and selling it for more. There is also nothing wrong with buying a home, fixing it up, and selling it for more than the market value. If a buyer wants to pay more than market value, that is their choice. Hud does have an anti flipping clause which means if others are going to purchase from you and are using FHA financing they will have to waite for 3 months to finance the property.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125