How to market 15 Occupied houses w/ HUD tennants? - Posted by CHRIS TROOK

Posted by Gene on January 26, 2007 at 13:08:24:

I have similar listings on Loopnet. It was just an idea that could possibly work for you. Check into or don’t…dosn’t matter to me.

Gene

How to market 15 Occupied houses w/ HUD tennants? - Posted by CHRIS TROOK

Posted by CHRIS TROOK on January 23, 2007 at 15:18:43:

How should I go about marketing 15 occupied houses, all with HUD tenants? At least 60K in equity. trookc@yahoo.com

Re: How to market 15 houses w/ HUD tennants? - Posted by elaine

Posted by elaine on January 24, 2007 at 17:52:35:

I have noticed that all postings by Dutch have been deleted lately. I don’t understand why as he has given some good advise. Could you explain?

Marketing 15 Occupied houses w/ HUD tennants? - Posted by David Krulac

Posted by David Krulac on January 23, 2007 at 22:29:32:

there is a HUD program to turn renters into owners after one year of paying on time/good tenancy. You have 15 buyers sitting right under your nose. And usually owner occupants pay more for houses than investors, so you win two ways.

Re: How to market 15 houses w/ HUD tennants? - Posted by Natalie-VA

Posted by Natalie-VA on January 25, 2007 at 14:39:43:

I didn’t see the post, but it’s possible that he included his website address in his posting. I think that’s a No No.

–Natalie

Re: Marketing 15 Occupied houses w/ HUD tenants? - Posted by Jimmy

Posted by Jimmy on January 24, 2007 at 07:59:50:

I have had no luck with the HUD ownership program. None of the housing agencies in my area are taking advantage of it. not sure why.

here’s my view:

if unloading them in one shot is your goal, you will sacrifice dollars for simplicity. target investors.

but selling them one at a time, and to owner occupants, will maximize your pricing. and if you can seller finance them, so much the better.

Re: Marketing 15 Occupied houses w/ HUD tenants? - Posted by Gene

Posted by Gene on January 24, 2007 at 12:31:00:

I agree with Jimmy…

If you try to sell them in bulk you are limiting your customer base. Anyone that has the ability of buying them in bulk would want a substantial discount.

Selling one at a time opens up your customer base.

Gene

Re: Marketing 15 Occupied houses w/ HUD tenants? - Posted by CHRIS TROOK

Posted by CHRIS TROOK on January 25, 2007 at 10:01:49:

A realtor/investor submitted my offer on the MLS and sent only to area realtors (500+) Is there anyting similar that will send to out of town/state realtors?

Re: Marketing 15 Occupied houses w/ HUD tenants? - Posted by Gene

Posted by Gene on January 26, 2007 at 11:20:57:

You can try loopnet they deal more with multifamily/commercial and I belive they are nation wide.

Re: Marketing 15 Occupied houses w/ HUD tenants? - Posted by CHRIS TROOK

Posted by CHRIS TROOK on January 26, 2007 at 12:23:50:

These are all single family dwellings.