HUD: How far Below Listing Price will HUD accept?

[Chris Feltus]

I am a novice, but it seems the listing price for many HUD properties are too high to have a good spread for an investor by the time you factor in repair + holding costs etc. Here in TX at least, it seems HUD will usually accept 88% of what the listing price, which can make it difficult to find good properties.

Here is an example of a HUD numbers I commonly see in my area, with $0.75 on the dollar minus repairs (thats with getting the property at 88% listed price). To me, that seems like it is getting too high to be acceptable.

Here in TX at least, I have heard HUD will usually accept 88% of the listing price. I am curious what it tends to be in your area, especially other people in the Dallas-Fortworth Area.

Thanks for your time and feedback, I appreciate it.