Just be warned that if you do not sell the deal and it falls through without a buyer, your Realtor will probably get a very bad taste and not want to tie any more up with you, it is their reputation as well as yours on the line.

This gives you the ability to market the property to your buyers without tying it up under contract from the seller only to back out 2 months later without it being sold.

Of course, if you disagree that this was a positive change, feel free to discuss that...but don't use this thread to bash other Obama policies that have nothing to do with the original topic.That is like praising a child for tying his shoes when his homework is not done, his room is a mess and he is playing video games.I will even give some more praise for Obama, he wears nice suits!

Tax sale can tie up your money for a long time (1-2 years) and then you may not get the property.

In any rehab/remodel the expenses are always tied to product.

I've tried to tie them in together and was asked not to.

The vacation rental market is also difficult as many folks buying a 2nd home, soon find renting it out to cover some costs is a good idea and inventory can grow quickly during a stronger new construction market.

Normally this takes at least 90 days to close a normal short sale but seeing that this is an estate it could be tied up even longer.

This way you won't have to "force" the properties to cash flow by throwing a massive down payment at them (which would tie up all of your capital), rather, you can use your money to purchase more than one property.

This was a favorite tactic for one of my clients and he was using this almost on a weekly basis.The reason I think this is such a killer strategy over many others is that HUD homes can be tied up for $500-$1000 deposit depending on purchase price....But the part that makes me smile, is that UNLIKE many other homes that you will be putting under contract....HUD is NOT IN A RUSH to have them closed....Since HUD isn't in a rush to get them closed this gives you more of a chance to market for buyers which is especially important if you're one of those people who was foolish enough not to have your buyers list in place BEFORE you started trying to do deals....On the HUD deals I've done here in Michigan, HUD doesn't require you to close until 60 Days AFTER they have signed the contract...In most cases that means around 70 days (That's a heck of a lot of time for marketing a home).The other major benefit to doing HUD deals is that if you're a person who can't make it out to look at homes every day HUD homes UNLIKE most REO's are run in an auction style bidding format with bids due daily at midnite and weekend bids are do on Monday....Meaning you can have the entire weekend to go look at HUD homes, at your liesure.HUD Assignment ProceduresFind your buyers ==> Put home under contract using your name or your llc's name ==> Use a “Add a buyer for financing†form and add your buyer onto the contract with you (Get you're assignment fee when you do this) ==> Have your buyer bring money to closing and both of you will sign paper work like in a traditional closng ==> Once the closing is finished and the hud agent is gone, simply deed yourself off the property...Leaving your buyer as the sole owner.Looks like they called my name, I'll finish this up later on....With TON more killer tactics.Eric Medemar