HUD Homes- RI

[Mandy Waryasz]

Hello! 

I am starting to look around and see what my first investment property will look like, and another investor I met mentioned HUD homes. Just looking, none are listed in RI, where I live and plan to invest. There are also none listed in NH.. I'm curious if anyone knows if that means there are just no properties right now or if RI and NH list their bank-owned homes elsewhere?

https://www.hudhomestore.gov/H...

Super new and would appreciate some clarity here! Thanks in advance!

[Sasha Fukuda]

Before the housing crisis, i'd go to the HUD website and they'd have homes listed in NH. Now they don't. My guess is that means there's no inventory in NH. I think that makes sense. When housing prices skyrocket and the owners gain all that additional equity, why would anyone go into foreclosure? If you have plenty of equity in your house, you can simply sell it.