Posted by Jim Simons TX on December 14, 1998 at 12:54:47:
20 years ago I was a RE Agent. There were lot’s of good buys on HUDs. However, over the last year or so, I’ve looked into a lot of HUD forclosures and found there just wasn’t enough profit to justify the investment.
One area you might look into though is the foreclosures that are on exetended listing. Meaning the didn’t sell the first time around. I’ve found (for me anyway) that these properties needed far too much repair. - but it might be worth a try!