How To Bid On Hud Homes - 4 Critical Steps You Must Know

We decided to create this video on how to bid on HUD homes due to what our current market is creating for real estate investors. It's best to get ahead of the curve as smart investors did in 2008 was learning how to bid on HUD homes when the market tanked, leaving an overwhelming amount of HUD foreclosures available through the auction. We're starting to see the same things take shape, and, ideally, we discuss how to bid on HUD homes now so you can be prepared to be the winning bidder.

With the foreclosure process currently frozen, there will not be a lot of available inventory through HUDHomeStore. However, when things start to get back to normal, you'll know how to bid on HUD homes so that you can either wholesale, fix n' flip or decide to keep the property for your income-producing portfolio. The best thing you can do at this point is knowing the bidding process and adequately know how to bid on HUD homes. It can be difficult at first and very time consuming if you're unaware of how the HUD foreclosure auction works.

The best thing with HUD foreclosures is real estate wholesaling can be done. Once you know how to bid on HUD homes and become the winning bidder, you can quickly wholesale properties to earn yourself a profit check. We'll discuss in this video the essential items that are necessary for how to bid on HUD homes and what's going to be crucial for you as an investor to understand. Once you know the foreclosure auction process and how to bid on HUD homes, you'll be prepared for a potential wave of government foreclosures to sweep through as we saw in 2008.

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#WholesalingHUDHomes #HUDForeclosures #RealEstateInvesting

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If you plan on bidding on HUD foreclosures after watching today's video make sure you drop a comment below. If you need any help I'll be happy to help.

[anaysdearmas-qrsv]

Thank you so much for sharing your knowledge! 🙏 This video was extremely helpful!!

[ricardoayala]

Are you able to cancel an accepted offer?

[allanstewart]

Hey Jason, great video and content. Another tool in the belt and knowing the % to bid is a game changer. Thanks!!!!

[ziggyc]

I heard you need a real estate license to bid that without one you can't is this true?

[Therealtorreyna]

I have some questions how can we contact you?

[imlookingup]

Hi thank you!

Are you saying make the bid a percentage of Huds asking price?

[AK-VII]

Is it normal to have another day added to the bidding period ? bid should have ended last night but i woke up this morning to find another 24hrs added.

[ziggyc]

Can one bid online in another state and do you recommend this and if so wjat website should I subscribe to, there is so many out there?

[ziggyc]

So u can wholesale some of these properties once seller and I are under say 3 week contract or 1 month contract 2 week contract etc ?

[jinvest]

Only thing I see missing is the fact that you will have to have a EMD to bid on these homes to start with. Correct me if I'm wrong ? Or maybe you have another strategy to get around this ? 🤔

[livinginpalmbeach]

Doesn't HUD require a deposit if bid is accepted and to be made in a specific period of time?

[jvy]

Great info I have not seen before. One question is HUD homes the same as USDA

[mgtaxman]

Jason, regarding HUD offers...first of all great video...secondly, if/when HUD counters do you have a certain percentage that you use to re-counter, or is it accept it or not.
mgtaxman

[perezrealtysolutionsllc]

I was told we get 0 due diligence periods and that it’s almost nearly impossible to do hud homes...was the person lying to me?

[tridentgaming]

Jason, this is good stuff I paid over $1000 years back to learn some of what you just freely shared. My question today in on your method of FB Marketplace marketing on your HUD wholesales, since technically you are not supposed to market Hud properties until you actual close on it. That's the challenge with these deals.

[anitaowusu]

Hi Jason it has been crazy trying to find a home in my area. I decided to look for a hud home and I find one but I just find out that it has it has broken pipes and a leakage in one area. What do you recommend as I'm a first time home buyer?

[Bashasha]

I see the inventory of hud homes had dropped significantly!
Is it still possible to do hud homes right now?
Thanks

[emross]

hey Jason, so if i click buyer will apply for financing not hud, does this mean my end buyer doesnt have to pay cash and can get financing?

[Bunnie]

Hi, Jason, I will watch video and subscribe but you need money to be in the game after this pandemic here in NY.