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Download Episode 066

How to Make and Extra $20,000 a Month Flipping HUD Homes.

In this episode I explain and NEW source of deals I’ve been flipping for huge profits.  These deals are plentiful and can be contract using no marketing expense and flipped for huge profits.  I talk about how to get started today flipping HUD homes and what are some beginner strategies you can use to get deals under contract.  I also talk about a recent story on my trip to California for the summer with my family and dogs..

You’ll learn:

How to wholesale HUD homes

What are the best homes to target.

Several bidding strategies to get deals accepted.

How to find what percentage your market AM will  accept.

How sell the property super fast.

And much much more..

Have a Question? Please leave your question on my voice mail and I’ll answer it on the next show!

480-393-7717

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25 Responses to “F2F 066: How to Flip HUD Homes: A Ninja Wholesaling Super Strategy for Expert or Beginner”

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  6. Kristina

    Hey Tee, thnkas Hey Tee, thnkas for the love. Yeah North Carolina is a great market to flip in especially in the areas of Durham. If you are searching for a mentor to help you dominate the area we definitely need to talk. I will message you my contact info & you may view my mentorship page on my website as well. Was this answer helpful?

    Reply
  7. Dave

    Sean;

    Thanks for the great HUD flipping info.
    I am going to have to do this virtually,
    as Nevada has no inventory(3 houses).
    How do I pick the best state to do this
    in from home and Starbucks?

    Thanks!

    Reply
  8. Gloria Seckler

    Hi Sean, I should still be a member of the Flip2Freedom Academy. In fact I also paid for the Hud training. For some reason I can’t log in. I have some houses that I am planning to put under contract and I also wanted to listen to more of the Hud Training. I am planning on bidding on my first hud property this week. Have A Great Weekend! Thanks Sean

    Reply
  9. dawayne

    in my area on hud homes there is a clause that states that you cannot resale the property for 90 days after you purchase it from hud, how do you get around that restriction

    Reply
  10. Jim

    Sean,

    I just listened to your webinar last week, 4 days later I got a bid accepted for 55% of the list price. I have never had such a quick response from a 1 hour webinar. Thank YOU so much!

    Reply
  11. admin

    Hey Antonio, we’re only talking about $500 for properties under $50K and $1K over that. Once you have a smokin deal signed you can borrow it.

    Don’t let a the EMD stand in your way to make serious money. If you HAD to find it you could.

    Good luck!!

    Sean

    Reply
  12. Antonio

    Where do I get earnest money to get my HUD deals closed? I believe you said something about coastal-funding can fund all our wholesale deals. They can do that. What about where to get earnest money I do not have to get the deals closed? Earnest money is standing in the way of me getting a deal closed. I cannot come up with earnest money out of my own pocket.

    Reply
  13. Randy

    Henry,
    I believe you will be using a standard purchase and sale contract. As far as funding you should be using hard money, transactional funding (double close), transactional funding (90 Day Hold) or Private Money with no end buyer. :)

    HUD should be allowing you a time frame of 45 days to close the transaction once you bid is accepted. During which you will be lining up an end buyer. :)

    Randy D.

    Reply
  14. Henry

    Hi Sean great videos! I have been watching for sometime I had a question about what contract to use when wholesaling hud homes or how would I double close?
    Thanks

    Reply
    • admin

      You have to use HUD’s contract and it has to be filled out PERFECT and sign by the NAID registered broker. As for the closing you would use transactional funding.

      Reply

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