I’ve been looking at some HUD home listings in a particular market…and there seem to be some pretty good deals available.
Do these go fast?
Was wondering if anyone has much experience with the purchasing of a HUD home and if there are any drawbacks to going this route.
I would think that these might be a good avenue for finding SFH’s that can produce good cash flow…based on the fact that you’re starting out with a healthy chunk below retail value…and you’re then targeting the starter type home that is most in line with what most renters want anyways…something with a reasonable rental rate.
Am I missing something here?
Thanks for the consideration.