Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a HUD home be purchased as an investment property?

April 26, 2017Home HUD Investment Property

0

Posted

Can a HUD home be purchased as an investment property?

1 Answer

0

Posted

Yes, but owner occupant purchasers are given priority for the initial listing period that the house is on the market for the general public. Owner occupants are persons who will affirm in writing that they have not purchased a HUD owned property in the last two years and they will live in the home as their primary residence for at least one year. After the initial listing period, investors may purchase the houses for resale or for rental.