Making It Easy to Locate the Right HUD Home Investment Property

This in-depth interview was conducted on a Google+ Hangout and hosted by Real Estate Income Magazine’s Editor-In-Chief, Shiv Ganesh.

Watch the cover story interview by watching the video below or keep reading. Choice is yours.

HUD has set up the website for you to search through available HUD homes quickly. You can scan for new HUD Listings on a weekly basis before choosing which to bring to your agent’s attention or investigate further on your own.

If you have an agent search these for you regularly, make sure you are clear with them on the parameters of what you want to see; otherwise, they may bring you a lot of properties to sift through that don’t meet your criteria, thus not saving you any time.

On HUD’s website, you will see a “Search Properties” form right in the middle of the home page. This is where you can search for available properties according to your criteria. Fill in the location, buyer type, property type and status you’re looking for.

The HUD website has all kinds of resources available – take your time and look around, familiarize yourself with all they have offered to help you.

The website is pretty self-explanatory, but make sure to check out:

• Lists of Approved Appraisers
• Fair Market Rents for Different Geographical Areas
• FHA Mortgage Limits (useful to know when reselling a property)
• HUD Forms and Handbooks
• Loan Calculators
• Lender Locators
• Other Useful Tools for Real Estate Investors

If you would prefer to talk with a HUD agent before starting your search, use the “Find a Broker” section to get the contract information of the Brokers in your city or zip code. They can help you refine what you’re looking for as an investor. If the values of condos or townhomes in your search area are depreciating in value or not rising at the same rate as other property types, you may want to exclude them from the search or make lower offers on them than you would on a single family home. The same holds true if your goal is to wholesale to other investors…offer low.

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Larry H. Goins is not only a private money lender in North and South Carolina, he is also licensed in both North Carolina and South Carolina as a Real Estate Broker and General Contractor. Larry has been investing in Real Estate for over 20 years. Larry has served as President of the Metrolina Real Estate Investors Association, the largest non profit investment association in the Carolina’s. Larry has two books that are available wherever books are sold. Getting Started In Real Estate Day Trading and HUD Homes Half Off! Larry is an active real estate investor and travels the US training audiences at conventions, expos and Real Estate Investment Associations on his strategies for buying 10-20 properties per month without ever leaving his office. His home study course The Ultimate Buying and Selling Machine! has been a HUGE SUCCESS and the success stories keep coming in! His other home study course called Filthy Riches, teaches how you can make MORE MONEY on a run down $5000 house that no one else wants than the Average Investor makes on a $100,000 house. It is also very popular and has gotten great results with students! Between speaking engagements and mentoring other Investors, he oversees Investors Rehab, Inc., which is a real estate investment company that buys and sells 10-20 properties per month. Many people do not know this about Larry since he mainly teaches residential investing but Larry has also invested in commercial, multifamily, land development, mobile home parks and sub divisions. He has done wholesaling, retailing, short sales, subject to’s, lease options, seller financing and land lording. He has used cash, hard money, private money, traditional financing, partnerships, private placements and equity participation to fund his projects. On A Personal Note Larry and his wife, Pam, have two children, Linda and Noah. He is a member of New River Community Church in Lake Wylie, SC and occasionally plays guitar in the Church Praise Team. His personal and business philosophy is to “People & Principles before Profits”. For more information please visit