Comments on: HUD Foreclosure Fortunes: Reality or Myth?

By: Kneill@Baltimore Maryland property management

Kneill@Baltimore Maryland property management — Tue, 15 Nov 2011 01:18:59 +0000

This type of investment needs a careful analysis. Experts do this in an instant but, the beginners shouldn't embark all at once. I agree with one of the comments that this is a gold mine. Subsidies and all, you can never go wrong.

Thanks for sharing this to us.

Best,

Kneill

By: Henderson NV Homes

Henderson NV Homes — Wed, 10 Mar 2010 12:12:44 +0000

I would like to add that finding a realtor who specializes in these sorts of homes can really make the buying process truely beneficial. There are plenty of HUD specialists here in Henderson NV as I'm sure there are in other cities and I highly reccomend people take the time to choose the right realtor with the right sort of knowledge for their buying needs.

By: jinnie@Guaranteed home sale

jinnie@Guaranteed home sale — Mon, 04 Jan 2010 10:08:28 +0000

There are good companies out there actually trying to help people. But unfortunately there are also bad ones. I know the name of one company has Foreclosure Lists with only a $1.95 month long trial so people can see what they have to offer before continuing. I’ve purchased 2 Foreclosures so far using their list.

By: Ned@baltimoreinvesting

Ned@baltimoreinvesting — Tue, 12 May 2009 15:38:01 +0000

Chad wrote:
>HUD foreclosures can be profitable but should only be for experienced investors. You can lose BIG! if you aren't careful.

I am not sure I agree. You can lose big with ANY real estate investment. I don't think HUD is any different.

So new & inexperienced investors shouldn't avoid HUD homes. They should avoid doing any deals until the know how to evaluate a deal and do due diligence.

By: Chad@Real Estate Investor

Chad@Real Estate Investor — Tue, 12 May 2009 12:33:56 +0000

HUD foreclosures can be profitable but should only be for experienced investors. You can lose BIG! if you aren't careful. I like the tip about using the priority given to the owner as a screening process. Very good info and a well written article. Thanks Scott, I just bookmarked your site.

By: Ken@Cheap web hosting package

Ken@Cheap web hosting package — Sat, 07 Mar 2009 20:50:07 +0000

I think hud homes are a great way for people who can do the work to make money. Flipping homes like people did before and never doing the work or just selling a home for more money after a few months is not a real way to invest in real estate in my mind. If you know how to do the work and know how to figure out what a home would be worth you can make money with hud homes.

By: JerseyGuy

JerseyGuy — Tue, 23 Dec 2008 16:05:28 +0000

HUD investing is for the experienced investor. Logistics on HUD housing for a beginner is confusing. For us, it could be a gold mine though. Government property and subsidies are a great way to go

By: Tony@Etf List.

Tony@Etf List. — Fri, 05 Dec 2008 00:49:33 +0000

Hud foreclosure have been over sold in my area. We have investors buying them sight unseen over the internet and driving prices up on properties that are not worth the money.

They can be a great deal if you find the right one and do most of the work yourself but so many people are looking for a great deal they are hard to find now.

By: paul@hypotheques

paul@hypotheques — Sun, 09 Nov 2008 21:22:53 +0000

"This is because the properties that most home buyers would be interested in will not have sufficient profit potential for investors."

this is a insightful observation. I tend to agree with your reasoning.

By: Government Foreclosures for Real Estate Investors | Easy Fun Ways To Make Money

Fri, 02 May 2008 17:33:49 +0000

[...] Development, or simply HUD, foreclosures are available throughout the country. Buying one of these hud foreclosures is a different process than the normal purchase process from a private seller. The other government [...]

By: Government Foreclosures for Real Estate Investors

Government Foreclosures for Real Estate Investors — Wed, 23 Apr 2008 22:03:48 +0000

[...] This is handled through the Department of Veteran's Affairs. The websites that list hud foreclosures are linked to from the HUD website for each state. Search around on these websites, and when you [...]

By: Scott Roemermann

Scott Roemermann — Sat, 05 Apr 2008 20:22:51 +0000

Yeah, good point Ned.

As we encounter different stages of the cycle and the dumb money flows in and out of the market these opportunities ebb and flow also.

By: Ned Carey

Ned Carey — Sat, 05 Apr 2008 17:22:01 +0000

In My area (Baltimore) Hud homes have not been very good values. There is so much competition from new investors that assume it is HUD it must be a bargain that they bid the homes up to prices that don't make sense for an investor.

This is also true of bank owned property. This seems to be changing a little as the market slows and the dumb money leaves the market.