Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 13 years ago on . Most recent reply

User Stats

717
Posts
50
Votes
Greg P.
  • Los Angeles, CA
50
Votes |
717
Posts

Buying Owner Occupant HUD homes as a Investor/Flipper

Greg P.
  • Los Angeles, CA
Posted

Hello, I came across something concerning. I've done some research and noticed a rehabber buying homes on HUD as a owner occupant but then a couple months later, flipping it to a end buyer. I'm not a tattle tale, but why can't people play by the rules? It seems like this business pushes people to the limits morally because of money and/or greed. I understand, but why? I'm not going to say anything to this guy or anyone else, but people shouldn't be doing this. On a side note, sometimes REO agents bring me deals before they hit the MLS, and I have a feeling it may not be morally right, so should I still buy them? Tough decisions..

Most Popular Reply

User Stats

22,059
Posts
14,128
Votes
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

If you have evidence this is happening, call your HUD office and report it. http://portal.hud.gov/hudportal/HUD?src=/localoffices. They will be interested. This business is hard enough without having to compete with criminals.

Topic locked

Loading replies...