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74
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25
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Dave Shellenberger
  • Investor
  • West Grove, PA
25
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74
Posts

Buying HUD home as investor before 10 day wait

Dave Shellenberger
  • Investor
  • West Grove, PA
Posted

It seems like I am losing houses because of investors lying to HUD and bidding as a owner occ. before the 10 day grace period is actually open to investors.

I know this happened recently because I spoke with the winning bidder as I'm rehabbing the property next door.

So I ask this question.

Am I foolish for being ethical and waiting out the 10 days ?

Most Popular Reply

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2,039
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Jean Bolger
  • Aurora, CO
1,303
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2,039
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Jean Bolger
  • Aurora, CO
Replied

One is never foolish for being ethical.

In your old age do want to look back at the business you've built and say "Yep, folks, I got all this by being an a**hole...."?

  • Jean Bolger
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