Wholesaling HUD properties?

[Christina L.]

Hi BP Community. Does anyone have experience or know anything about wholesaling HUD properties? One of the well-known wholesalers out there says it's a great way to find/purchase below market real estate. Apparently the idea is to start bidding low and increase your bids until you hit the "threshold" for the particular market you're bidding in. This wholesaler has also indicated that it's a great way to wholesale virtually without ever viewing the property. Any thoughts, opinions or experience would be most welcome!