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Updated about 10 years ago,
Wholesale on a HUD home
There is a HUD home for sale in a C area neighborhood. All brick, 4/2 1235 sq ft. for $41k; The ARV is $105k. The scenario is I want to wholesale this deal, but HUD is saying I have to close the property in my name, but I can sale it once I close.
How can this be done with an end buyer? I really don't want to use financing for this deal.