Real Estate Agent · Selden, NY · Member since 2016 · 39 posts · 9 votes
i recently found out about HUD properties on HUDhomestore.com . im 21 years old have about 650 credit score . do you think i would be able to qualify for any hard money lenders or fha loans ?
Rental Property Investor · Birmingham, AL · Member since 2016 · 97 posts · 51 votes
10y
You should. Would you be buying owner occupancy status? Be aware that for a year you can't rent it out or resell. Anyhow, try a credit union if possible.
I just bought my first HUD home as a investor and used a personal loan from my credit union. Low interest rate.
Tacoma, WA · Member since 2015 · 141 posts · 29 votes
10y
What he can do is rent out the room and live in the house. I remember a collage student who qualified for a 4 bedroom house. He did not have enough from the rent if he lived in one of the rooms. So he rented the last room and lived in the attic.