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Updated over 11 years ago on . Most recent reply

Dave Shellenberger's profile image
Dave Shellenberger's profile image
Dave Shellenberger
  • Investor
  • from West Grove, Pennsylvania
  • Member since Apr 8, 2013
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Dave Shellenberger's profile image
Dave Shellenberger's profile image
Dave Shellenberger
  • Investor
  • from West Grove, Pennsylvania
  • Member since Apr 8, 2013
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Dave Shellenberger
  • Investor
  • West Grove, PA
25
Votes |
74
Posts
Buying & Selling Real Estate

Buying HUD home as investor before 10 day wait

Dave Shellenberger
  • Investor
  • West Grove, PA
Posted

It seems like I am losing houses because of investors lying to HUD and bidding as a owner occ. before the 10 day grace period is actually open to investors.

I know this happened recently because I spoke with the winning bidder as I'm rehabbing the property next door.

So I ask this question.

Am I foolish for being ethical and waiting out the 10 days ?

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Jean Bolger's profile image
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Jean Bolger
  • from Aurora, Colorado
  • Member since Feb 2, 2012
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Jean Bolger's profile image
Jean Bolger's profile image
Jean Bolger
  • from Aurora, Colorado
  • Member since Feb 2, 2012
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Jean Bolger
  • Aurora, CO
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Jean Bolger
  • Aurora, CO
Replied

One is never foolish for being ethical.

In your old age do want to look back at the business you've built and say "Yep, folks, I got all this by being an a**hole...."?

  • Jean Bolger
    • 3 Votes
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