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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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Kristina says:

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Lee says:

What’s the training website?

Tom Hart says:

I am interested in working with HUD houses.

Dave says:

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!

Gloria Seckler says:

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

Jim says:

Is this related in any way to the script seen on this video?

http://www.youtube.com/watch?v=wSHiMP0N57A

The ability to see the value of the property below the price and show the deals in green makes this really easy to sift through the good deals from the bad, don’t you think?

dawayne says:

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

Jim says:

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!

admin says:

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

Antonio says:

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.

Randy says:

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.

Henry says:

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

admin says:

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.