Buying a HUD Home Part 2: How I Acquired 4 Homes in Under 2 Years
Real Estate Investing, Buying a Home 1 Comment »Previous Articles in this series:
Buying a HUD Home Part 1: How I Acquired 4 Homes in Under 2 Years
On to Buying a HUD Home Part 2: How I Acquired 4 Homes in Under 2 Years:
1. Knowing the HUD Listing System
You must understand that, like most government systems, there is no emotion or logic to the process. HUD has a process for buying a home, and you will not change it. The key advantage for the investor is, HUD doesn’t care about how nice the house looks, or what memories were made there, or any other bologna that most retail sellers use to not sell their house for the price we need to buy it for.
On that note, we understand that it is only a matter of time and market conditions for buying a HUD home at the right price. HUD is systematic in its approach, and uses a timeline for each and every listing:
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