Seasoning on HUD Houses For Investors

[Terry Schell]

I was told by one Guru that there is no seasoning requirement for investors who buy HUD properties; that you could "double close" and sell it to another wholesaler the same day.

Then, a Realtor told me he and the Investor had to sign a HUD form saying that the house would be owner occupied for 12 months.

Which is it?  Thanks.

Terry Schell/Houston, TX

[Joe Villeneuve]

Terry,

Doesn't matter. We assign/wholesale HUD properties all the time. Just make the offer in an LLC, then if accepted, sell the LLC. The only sale of the house is when the new LLC owner executes the agreed purchase agreement.

Joe Villeneuve
REcapSystem
A2REIC