HUD Home Purchases During After the First Bid

[Tom Palmieri]

I am seeking expertise with bidding on HUD homes. I am following a few homes in the Asheville area and am wondering how to first bid the property IE: Per tax assessment? ARV with 70% rule? Go to short sale numbers?

Or, wait until the first bid is placed and up bid it by the 5%?

Any advice will be most appreciated.

Tom P-