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All Forum Posts by: Terry Schell

Terry Schell has started 4 posts and replied 13 times.

Post: Seasoning on HUD Houses For Investors

Terry SchellPosted
  • Investor
  • Magnolia, TX
  • Posts 17
  • Votes 4

Thanks, Joe. Yes, I agree about the Realtor matter. I am looking for such a Realtor that is HUD & Investor Friendly. Using the Blitz Wholesaling System by Brad Swanson. Do you know about his program? It is the most comprehensive I have seen, and my partner is in Detroit as we speak, setting up an operation there. I will be doing likewise in other targeted cities, after doing the specialized research Brad's system teaches, to find lots of inventory and investors. Houston's RE market is hotter than hell, and it is difficult to find any props under full retail price and more! So, my research is looking for cities where that is not the case. Better chances of successes there.

Do you do any business in other cities?  

Terry Schell

936-372-9541/[email protected]

Post: Seasoning on HUD Houses For Investors

Terry SchellPosted
  • Investor
  • Magnolia, TX
  • Posts 17
  • Votes 4

Wow!  How impressive! This is my first post on BiggerPockets, and I am thoroughly impressed with the quality and quantity of your responses,  guys and gals!  Thank all of your very much!  
I will attempt to correct my Realtor friend, but that may be in the too-tough category, yes?

:)

My email address is: [email protected] if anyone wants to correspond privately... I trust this is appropriate.

Terry Schell 

Prepariing to Move Onward & Upward.

Post: Seasoning on HUD Houses For Investors

Terry SchellPosted
  • Investor
  • Magnolia, TX
  • Posts 17
  • Votes 4

I was told by one Guru that there is no seasoning requirement for investors who buy HUD properties; that you could "double close" and sell it to another wholesaler the same day.

Then, a Realtor told me he and the Investor had to sign a HUD form saying that the house would be owner occupied for 12 months.

Which is it?  Thanks.

Terry Schell/Houston, TX