Bidding On Texas HUD Properties
I was wondering if anyone has any idea what the approximate minimum bid (in terms of % of market value) will Texas HUD accept. I am new to this game and know there must be an official or unofficial cut off. Would a bid of 70%, 50 % 10% be enough? Where is the line in the sand?
Thanks,
D.
Here in the Pacific Northwest you can get the results of past HUD auctions from the goldenfeather web site. It's pretty straightforward to do the math once you've got that data. Texas probably has something similar.
- James
For Texas you can find HUD bid statistics and results at****Must Reach Freshman Investor status before posting URL's*** . If the url doesn't show up due to my number of posts do a yahoo search for "texas hud bid results". It will be your first result. This can give you a good idea of how they operate.