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Updated almost 12 years ago on . Most recent reply

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Sam Zdrum
  • Investor
  • Norcross, GA
1
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20
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HUD home in GA ( Georgia)

Sam Zdrum
  • Investor
  • Norcross, GA
Posted

Found a few HUD home I wanted in Georgia, however, as an investor, I have to wait 30 days before I can place a bid cause first 30 days is reserved for non-investors. These homes usually get contracted before I even get a chance to place a bid.
Any advice from BP?

Secondary, my girlfriend does not own any properties and is willing to get contracted with these homes and then sell it to me after closing. Are we breaking any policies? Any advice will be great

Thank you all for your time.

Most Popular Reply

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2,879
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Mark Ferguson
  • Flipper/Rehabber
  • Greeley, CO
1,353
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2,879
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Mark Ferguson
  • Flipper/Rehabber
  • Greeley, CO
Replied

Sam Zdrum,
HUD allows flips, but only if you buy them as an investor.
As an owner occupant, at least one person on the Deed has to live there for a year.

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