Buying Hud Homes To Flip -

Elias spent his mornings on HUDHomeStore.com , the official marketplace for government-owned foreclosures. He knew the "Owner Occupant" period was his biggest hurdle; HUD gives families a 15-to-30-day head start to buy these homes as their primary residence.

Unlike a traditional sale, Elias couldn’t just call the seller. He had to use a HUD-registered broker to submit a sealed electronic bid. buying hud homes to flip

He waited for a modest ranch-style house in a quiet suburb to hit the "Extended" listing period, meaning it was finally open to investors . Because these homes are sold "as-is" with no property disclosures, Elias brought a contractor to the viewing to spot the "money pits"—like the cracked foundation hidden behind a stack of old tires. The Bid: The Silent Auction Elias spent his mornings on HUDHomeStore