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Updated almost 10 years ago on . Most recent reply

User Stats

21
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4
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Austin Richey
  • Real Estate Investor
  • Hollywood, FL
4
Votes |
21
Posts

wholesaling HUD homes?

Austin Richey
  • Real Estate Investor
  • Hollywood, FL
Posted

hello bp, I have a contact here in Illinois and northwest Indiana who comes I'm contact with HUD homes on a daily basis. They work for the bank to upkeep homes that have foreclosed or whatever the case may be.

With that being said, I have eyes on homes that just hit the market again.

My questions: 

1. Is it possible to wholesale HUD homes

2. If so, please explain the process so I can get started.

3.  Are there any investors in Illinois or Indiana that want to get in contact with me? Whether to help or to do business with me.

Thanks in advance,

Austin

Most Popular Reply

User Stats

1,325
Posts
557
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Shawn Holsapple
  • Residential Real Estate Broker
  • Indianapolis, IN
557
Votes |
1,325
Posts
Shawn Holsapple
  • Residential Real Estate Broker
  • Indianapolis, IN
Replied

@Cierra Seay Yes, I've heard of that but looked into it.  It can be a little costly to setup and I've been told by a few different attorney's that it's not the best thing to do - so, I've just stuck with my way.

Also, by buying so many in the same name from HUD, I get a good status with the asset managers - which can help ones chances of getting an accepted offer.

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