All Forum Posts by: Tejas Kotecha

Hi Everyone, 

I am a total newbie. I will be attending this meet-up, looking forward to meet everyone. Thanks @Johnson H. for arranging it and @Account Closed for reminder and clarification on timing. 

From my understanding, it was single company owning multiple SFR and got 811 for them. All SFRs are getting auctioned off.

It is from Info kit from one of the SFRs. 

@Mark Ferguson @Chris K. @Peter Nguyen 

I heard it from my partner researching this deal and now, I dig through Information and bidding kit they provided on hud portal and in the kit they explained this as part of post purchase procedure. 

The property I am looking at is a single family. In my understanding they got financing under HUD 811 and now HUD is auctioning the homes.

There is one more line in Info Kit; mentioning "20 Year affordable housing restriction", I am wondering what does that mean for me. 

Appreciate the help and Thanks again

--Tejas.

Hi All, 

I am a total newbie at real-estate investing. I am looking to get my first deal. Trying to buy from HUD auction; and I heard that HUD requires investors to have 5 years of property management experience if they are trying to buy a rental property vs. Owner occupied. My agent thinks it is not true.

So, I am wondering, if anyone here can verify if HUD does this and if I can use property management company to show for that experience.

Thanks in advance

--Tejas.

It is funny that I was just listening to 6th show this morning (trying to learn by listening to old shows, as a newbie) and heard you guys celebrating 25K listens to the show, and now, I see this thread about 2.5 Million -- all I can say is wow!!

Congratulations guys. It is awesome podcast, teaches so much, really great with content.