All Forum Posts by: Account Closed

I am looking to purchase a HUD home with an FHA loan and a 3.5% down. From my understanding, and please correct me if i am wrong, with a HUD property it is owned by the government and they will accept an FHA loan over an investors. So, if the property is listed at 100K and I bid 80K(FHA), but an investor with all cash offers 110K, they will still accept the owner occupied bid, correct? Assuming I have the highest bid for owner occupancy of course. Any other feedback/ strategies for purchasing a HUD property is greatly appreciated.

@Jim K. Thank you!

Time is also not on my side. I need to learn how to build capital as well and then BOOM! Let the investment games begin!

Looking forward to reading that one! im currently halfway through the UBG!

@Jim K. Do you have a link to that by chance?

@Bryan Blankenship That is my goal, I appreciate the feedback. What kind of REI are you into?

Thank you!

@Bryan Blankenship my brain has been like a sponge the last couple of weeks. Just soaking in all the neat information!

I have been listening to the BP podcasts for a couple weeks now. Honestly, I didn't even know the existed until just recently. My goal is at least 1 podcast a day but shoot for 2 or 3... So informative. I am also loving this BP community. Its great to be around like minded people with the same goals in mind!