Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
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 over 7 years ago on . Most recent reply

User Stats

35
Posts
3
Votes
Rich Thoms
  • Real Estate Investor
  • West Haven, Connecticut (CT)
3
Votes |
35
Posts

HUD Cash vs leverage when bidding

Rich Thoms
  • Real Estate Investor
  • West Haven, Connecticut (CT)
Posted

pretty frustrated with my agent as they dont seem to know much about HUD. My question is if offering to buy in cash (refi shortly after) would tip the scale in a bid situation or does it not matter to them how the funding is sourced?

just trying to determine if saying i have the money and can close fast matters in this situation

Most Popular Reply

User Stats

4,335
Posts
4,243
Votes
Greg H.
  • Broker/Flipper
  • Austin, TX
4,243
Votes |
4,335
Posts
Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

As @Account Closed said, it makes zero difference to HUD. The box checked on the electronic bid if the bidder is not using FHA financing states "paying cash, or applying for conventional or other financing not involving HUD/FHA". So HUD actually has no idea whether the bid is cash or financing until after the bid is accepted

  • Greg H.
  • Loading replies...