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I always heard to stay away from HUD. The government and the type of people who live in these units/houses that you deal with were too much of a headache for many people around here. I had an chance once but after talking to a few people I didn't go for it.

Glad it is working out for you.
 

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Discussion Starter · #8 ·
These are foreclosed properties. So far, only one home was in a "bad" area of town. We have had several properties over $100,000 in value. Actually, one we did Friday has a list price of $289,000. Most people think of hud as the projects but it is any houses that went through foreclosure.
 

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[We have had several properties over $100,000 in value. Actually, one we did Friday has a list price of $289,000.
I did a search on Realtor.com for houses in Alabama. I couldn't believe what you can buy for 100,000. Up here in Maine $100,000 will barely get you a building that you actually live in (running water, solid roof, electricity) , and that's if you're lucky enough to find a super deal.
 

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Housing and Urban Development, the federal govt. gives low intrest loans to low income first time buyers with little down. Surprising that they pay their bill quickly though.
 

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Lots of guys have posted bad experiences with HUD properties, others say they do well with them. Guess it depends on what your area has to offer.
 
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