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Updated over 5 years ago on . Most recent reply

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James Santana
  • Real Estate Agent
  • Bay Shore, NY
4
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51
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Wholesaling tax liens and HUD

James Santana
  • Real Estate Agent
  • Bay Shore, NY
Posted

Is it possible to wholesale tax liens and hud if so how

Most Popular Reply

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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied

If you're thinking about doing this with no money then, probably not.

If you're thinking about buying low and sell high, then maybe.

Tax liens/deeds would probably be easier than HUD.

Now I see most HUD homes go to owner occupants, so I don't think they won't allow double closings or assigned contracts. If you can buy after the exclusive period, then maybe, but you will likely have to close yourself and then resale....but there can be issues with that as well. These days I don't know you will have enough spread to be profitable. HUD homes are not always cheap and there are not a lot of them.

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