I get asked all the time by new real estate investors if investing in hud homes is a good strategy. I will be recap in this article what I tell them.
The increased demand drives up the price and new investors tend to get any and will buy based on emotion instead of logic because they just want to get their first deal. If you pay too much for a property, you will lose your shirt on the deal. Thats why it important to not overpay for the property because you make your money on a property on the day you buy, not the day you sell.
This is why its important to have the right real estate investing training so you know how to spot the good deals from the bad and not overpay for a property. Your first deal can bankrupt if you dont structure it the right way. I see this all the time in my real estate investment club. The guys that dont take the time to invest in their education are soon out of business because they try and figure it out on their own and fail.
Short Sales are a great way to guarantee that you wont overpay for properties. If you are wondering what is a short sale or are wondering what the definition of a short sale ishere you go. A Short Sale is...