Brag Radio

In today's show, Larry and Kandas dived deeper into HUD houses. They also discussed some of the strategies and techniques they used in buying HUD houses in deep discounts. Don't miss this episode! Topics: What they've been up to Some specific strategies in buying HUD houses: 1. Look for inconsistent number of bedrooms and bathrooms 2. Look for inconsistent square footage 3. More days on the market equals bigger discount - Typically, an HUD house is only available to owner occupant buyer - Exclusive vs extended listing period - Buyer types 4. Look for mispriced properties 5. Look for problems that can be fixed - What flag lot means - Problems that cannot be fixed 6. Look outside of major MSAs (Metropolitan Statistical Area) 7. Uninsured properties equals a bigger discount - Building sweat equity 8. Bid on every house every day 9. Look for price reductions and back on the market 10. Less competition on uninsured properties Quotes: "The longer that it (property) sits there, the more willing and ready they wan