Investing in multifamily properties is one of the most profitable real estate strategies that you could implement. The high
These are homes which have an FHA loan or other types of government-insured mortgage on them but had to go through a foreclosure. HUD stands for the US Department for Housing and Urban Development. Because FHA (Federal Housing Administration) loans are insured by the government when a homeowner defaults on his or her mortgage payments, the government repossesses the property. But the government isn’t looking to have a long list of homes on its books so it’s going to want to get rid of this property as soon as possible. HUD homes are typically discounted to a price below market value. This makes them a great contender for your next real estate investment. There are many other benefits which come with investing in HUD homes, but also a couple of risks to look out for.
If you’ve been shopping around for an investment property, chances are you’ve come across listings referred to as HUD homes. Start Your Investment Property Search! START…