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
The world of real estate investing is full of “do this” or “don’t do that”, but do you ever wonder whether you should be doing deals with institutional versus private motivated sellers?
After all, it’s always good to have options!
People ask me all the time if I focus on deals that are primarily with private sellers or institutional sellers. And then, the inevitable next question—which is BETTER?
My answer: well…I actually do a mix.
I do a lot of HUD and bank foreclosure deals and of course they are institutional seller. Made an offer on one just this morning