How Do You Buy Bank Owned Properties Or HUD Properties?
In my experience bank owned properties are better than HUD properties. The HUD properties are government owned and they are less willing to negotiate. Banks, on the other hand are privately owned and you can usually more willing to deal. In today’s crazy market sometimes the bank just wants to dump properties that they have had on their books for a while so don’t be afraid to make an offer that seems ridiculous to your real estate agent, you may get lucky. I have bought many properties this way. HUD properties can be good deals also, but they rarely are as good of deals as buying properties owned by private banks Find a source of properties listed for sale, either from the internet or through a qualified real estate agent. Map out the properties and take a drive and look at the outside of the property to see if you are interested in investigating further. Contact a good real estate agent to set up an appointment to look at the inside of the properties Items to look for include: Is the
