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Updated over 10 years ago on . Most recent reply

Derek Carroll's profile image
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Derek Carroll
  • Syndicator and Fund Manager
  • from Victor, NY
  • Member since Dec 20, 2012
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Derek Carroll's profile image
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Derek Carroll
  • Syndicator and Fund Manager
  • from Victor, NY
  • Member since Dec 20, 2012
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Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
345
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760
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Rehabbing & House Flipping

Starting Rehab before closing on purchase

Derek Carroll
  • Syndicator and Fund Manager
  • Victor, NY
Posted

Anyone ever start rehab prior to closing? I'm looking to do this on a HUD home I'm buying and I'd like to hear anyone's experience with doing so.

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Randy King
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  • from Madison, Alabama
  • Member since Feb 8, 2013
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Randy King
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  • from Madison, Alabama
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Randy King
  • Investor
  • Madison, AL
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Randy King
  • Investor
  • Madison, AL
Replied

You can't do any rehab to a HUD house prior to closing. HUD can cancel the contract and keep your earnest money. HUD views this very seriously.

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