I’m thinking of buying a HUD house as an investor, it’s aresidential house in NY, but there’s 2 junck cars parts business on the block.
Is the junck car business a ngative on the value of the property?
I was thinking of getting a hard money loan for purchase and rehab.
can anybody give me some advice
We are all different. For me, I would not buy it to rehab and sell. Hard money tells me that probably is your plan.
When getting comps find out how long homes on that street were on the market. Now to buy and rent might be a different story. It is just that in my opinion the junk yards would scare off to many buyers.
Bruce
I hate buy to rent I’m kind of sketical. I had a bad experience with a renter.
What happen if bthey don’t pay?
what happen if they refuse to leave?
what if they distroy the house?
I’ll have to take them to court. 
Just curious if you ran a credit report on your renter. If they have any plans of buying a house or a car in the future and want good rents, they’ll take care of their credit. If they have lousy credit, anything can happen.
If they don’t pay, you send that info to the credit agencies and it shows up on their file, 30, 60, 90 days late.
If they refuse to leave, you take them to court and sue them for the back rent.
If they destory the house, hopefully you had a statement of condition when they moved in and you sue them in court.
The courts will also protect you if you follow the rules.