HUD Wholesale Bidding Strategy

[Haider Zaman]

BP Family,

I have a question regarding bidding on HUD properties. What percentage of the listed price (or ARV, whichever) are your bids on the HUD site?

I understand that this is a very generic question (considering property values are different all over the country), but my bids have usually been around 11-30% of the listed price and I haven't had any success.  Speaking in generalities, what % have you all had the most success with?

Any pearls of wisdom you all could share would really go a long way in helping me secure my first deal!

Thank you!

Haider