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Updated over 8 years ago on . Most recent reply

User Stats

60
Posts
18
Votes
Jean-Thierry Aleman
  • Investor
  • Orlando, FL
18
Votes |
60
Posts

How to find Hud Deals

Jean-Thierry Aleman
  • Investor
  • Orlando, FL
Posted

Looking to purchase a HUD for potential BRRR. I have had a difficult time getting in touch with the right people. I have also looked into acquiring a REO but have had little to no response from banks when I approach them about properties they own. I have tried the numbers listed for appropriate depts. and so forth with no luck. I have read that this can be typical. How do I get around these road blocks and talk to somone who makes deals for bank owned properties. Thank you for your input and advice--JT Aleman

  • Jean-Thierry Aleman
  • Most Popular Reply

    User Stats

    516
    Posts
    152
    Votes
    John Rogers
    • Real Estate Investor
    • Davenport, FL
    152
    Votes |
    516
    Posts
    John Rogers
    • Real Estate Investor
    • Davenport, FL
    Replied

    We are a HUD approved brokerage in Central Florida.

    HUD posts new listings on Saturdays... we take all the listings and import them into a "regional" spreadsheet that lists them by county.

    A network of investors copies the ones they want to bid onto another spreadsheet that we provide and add their bid amount. They return to me and I make bids on their behalf and track HUD's counterbid adjustment.

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