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Updated over 10 years ago,
HUD Buyers/Flippers/Wholesalers Question
For those of you who bid on HUD properties, i was wondering how do you know if it is a deal that is good enough to bid on? i assume you cannot enter these properties to access the damages/repairs, and even if you could, you may may have to pull the trigger immediately if deal is good...Do you just consider recent comps for main criteria? Same goes for MLS deals that require quick action with no time to visit property...what is the biggest factor you look for or do you have buyers already you already know who will want the property based on neighborhood, price, sq ft, etc