HUD Question - Posted by Steven
Posted by Steven on March 07, 1999 at 16:07:38:
I live in a city with insane amounts of abandoned SFH. This is due to the military post which is the back bone of the ecomemy in this community. (solders alway comming and going before they have time to sell) Yesterday I stumbled upon just one street about a mile long with 2 HUD and 3 other abondon “fixer uppers” listed with Centery 21. My question is this: Would these proporties be good opertunities because they could be perchased well below FMV, or would they be risky because they would be hard to sell due to so many other houses for sale on that street that could be bought at wholesale by anyone?