If you want help walking thru the process feel free to give me a call at 704-641-0267.
Happy HUD hunting!
Blessings upon you...
As a general question-- they are a good investment usually. Below market value. And can be resold at a profit. That's the goal right?
But we have other ways to invest in our market to make money. If you're stuck on HUD homes, I can help with that. But realize that as an investor / non-owner occupant, you're second in line, and have to take the less desirable properties, usually in less desirable areas, and when you go to sell they will sometimes take longer to sell. Not always, as sometimes they need a cash infusion -- for updating -- and some buyers don't have the money to do this. If you do, then you can make money after renovation. Hope you have some cash though.
If you'd like to discuss other options for investing in Charlotte, email me or call 704-858-2345.
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Nate Wolf was recently named a FIVE STAR REALTOR by Charlotte Magazine. He is a top producing real estate sales broker, representing both buyers and sellers. He is a member of the National Association of Realtors, The Charlotte Regional Realtors Association and the Carolina Multiple Listing Services. He is licensed in multiple states and serves all areas of Metro Charlotte from Lake Norman to Lake Wylie and Uptown / Center City to SouthPark and Ballantyne.
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And, as foreclosures know no boundaries these days, HUD usually has a good inventory of home available in most areas of the city. Again, it's any easy process and one that I've found to be profitable a lot of fun for everyone involved.
Keller Williams - Ballantyne Area
Cell - 704-779-8212
Charlotte is a great area to buy investment property! There are many excellent investment opportunities on the market. I am a registered HUD broker and can provide a list of HUD homes. I can also answer any other specific HUD home questions. You can reach me at 704-578-8851 or firstname.lastname@example.org. Also feel free to search HUD homes and other foreclosures at http://www.PumaHomes.com. Thanks.
Some HUD Homes need a little work and are priced to sell while others are diamonds in the rough. I highly recommend getting a third party inspection and looking into an FHA 203K loan as a financing option if needed. The home buying process is a little different than a traditional real estate transaction. A short document that will require you to be along side your agent ,who must be licensed to sell HUD Homes when writing an offer. Your welcome to email me if you have any questions.
Song Sells Homes
HUD homes in our area don't last long & are usually purchased before the time frame when investors are allowed to bid.
The Field Service Managers are really stepping it up and making these homes highly desireable. The two Asset Management Companies in the So Cal Area are also streamlining the process to make the transaction simpler.
If the HUD home is not sold to Owner Occupant's, then it becomes a great deal for investors. Haven't seen too many make it past the 11th day review and acceptance period. Maybe with the large release expected, we'll see more opportunities for investors..