All Forum Posts by: Hattie Dizmond

I was buying in my own name and was going directly off the instructions on the HUD Instructions to Buyer page.

or?  Hmmmm...

As Joe said, yes you can. However, you must have written permission from the HUD trustee (not the realtor listing the property) to assign the contract. You also can only wholesale a HUD property that was an Extended Listing. Exclusive Listings are reserved for owner occupants.

fanfreakingtastic!!!

DFW is a big, diverse area.  The sub-market you're in will play a determining role in what strategy will work. What works best can vary dramatically just based on the wording or timing of your letter, placement of signs, color of door hanger, etc.  You have to measure and refine, based upon the specific strategy, materials, timing, criteria, etc of your particular activity. 

1)  Driving for dollars

2)  Serious networking...never eat or have coffee alone

3)  Don't know what your list criteria is, but maybe you could have your Alex search the county courts for divorce, probate and other filings that may not be part of your list.

Sorry...incorrect phone number.

469-708-9998

Great opportunity for a luxury flip in the highly desirable Hockaday neighborhood of North Dallas.  Surrounded by all the top private schools in Dallas, houses in this area don't sit on the market long, even at these price points.

Details:

• ARV $1.25mm
• $150,000 rehab est
• 4,606 sq ft
• 5 bedrooms
• 4.5 baths

Comps in area (sales in the last 3/4 months, including in December) support an ARV up to $1.4mm and a DOM under 45-days.

The house already has a great floor plan, with no changes needed to the existing footprint.  It's pier & beam, and a structural engineer's report is in hand, revealing no issues.  The existing homeowner has already done some remodeling, with designer finishes, and has remediated most known issues.  Reports and receipts for remediation are available.  The house will need:

• New roof (2 story house, so limited roof/sq ft)
• Kitchen cabinets, counter-tops (large island already exists w/ plumbing), new cooktop (gas in place), double oven, (new Monogram fridge & dishwasher in place)
• Complete Master Bath
• Complete Jack-n-Jill bath
• Complete, small 4-piece bath
• other updates (i.e. new can light fixtures)

Contact me today for additional details, pictures, comps and to schedule a showing.

Hattie

469-709-9998

@Jim Polasek

You can't post phone numbers directly in the forums.  Have the person PM you for a referral.  It's just to prevent people from self-promoting or placing ads.

@Abha Sethi

I have my doubts about the long-term viability, in terms of sustained growth, of the SA market.  I've written about that in several posts here on BP.  However, SA is not going away, so I would say it depends on the location of the property.  Is it in a location where the demand for rental properties will remain high, generally in a more core area and not part of the urban sprawl SA is experiencing?  More than anything, are you able to get into the property at a price point that it will cash flow, even if you have to drop the rent to keep it occupied?

Personally, I wouldn't wait on the market, if the deal is good enough.  However, I might seriously consider a real estate market where the economy is more diversified.

Just my 2 cents.

I wouldn't look in DFW right now, unless you want to buy in C-class neighborhoods or below.  You're not likely to find anything at that price point in good areas.