Welcome to Part 2 of HUD Homes 101: What Every Real Estate Investor Needs To Know
In Part 1, we went over what exactly HUD homes are, how they’re located, the bidding process and the importance of the Proof of Funds letter. (By the way, those POF letters are provided in my REI Trifecta program, click here to check it out and start generating your own verifiable proof of funds letters now!)
In part 2, you’ll learn about the inspection period, gaining access to the property, closing the deal (so you can get paid), as well as must-know information about working with Realtors.
Are you excited?
Let’s get going…
Pricing Your Bid
So, you’ve found a HUD home you’re interested in…
Now how should you calculate the percentage of the bid of the asking price?
Well, for me, I believe that 82% of asking is a safe place