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? 

Hi all - Not sure this is the right forum to post this in or not, but I thought I'd start here. So for history, I have purchased 3 properties at the county foreclosure auction, so I'm not super experienced, but not br...

ALWAYS double your repair costs for your first flip.

Two years later the property was worth double ($200,000+ more). 

Even if accurate the broker is using 897,781 as net income.So they are saying expenses are only 375,049 a year which is 29%.No way should you believe those numbers.50% if no landlord utility and 60% costs ( double what they say ) if landlord pays utility.

If not done properly, you could face double taxation on the income.  

A 2 bedroom unit in the complex rented for $1675.Also, double check the taxes.

If you're wholesaling, you're either going to assign the contract, which means you're out long before closing, or you're going to do a double escrow closing. 

So you can assign or resell (sublet with the lease and re-option with the option) either of them.Therefore, you have multiple ways to structure this depending on how long you want to be involved and how much associated risk you are willing to take.With the lease, you can assign it for a fee and be done or you can sublet it where you are still on the hook for the terms of the lease, but can receive the difference in rents for the entire term.With the option, you can sell (assign) the option and be done or you can option your option understanding that performance will require a double close.  

Who hasn't learned the hard way what can happen if you don't double check the utility transfers at move in?