HUD’s are typically single family. However 2-4 family HUD homes can and do get purchased and foreclosed on by people who originally wanted to live in them and use the other units to help pay the mortgage.
In the county of Monroe actually more specific in Irondequoite sets this 3 family HUD home. With 5 bedrooms and 3 baths this home could fill the need of an extended family arrangement or for an investor looking to increase the size of their investment portfolio.
Here’s a HUD Home Buying Secret I want to share with you. As of early 2009 investors can purchase HUD homes with FHA investor financing! I’m serious. Surprised? I was! In this case it’s only 15% down for a multifamily (25% for single). Now don’t get too excited and pick up the phone and call your mortgage company asking them about this FHA financing for investors. There will, I guarantee, be a long silence. They do not know yet it exists.
This home is assessed for $120,000. Appraised for $120,000. HUD’s asking price is $120,000. The savings may be at the moment or early next year. You got to be patient with HUD’s. However take a drive by and then call me. We can then talk strategy. The address is 209 Clark Ave. DIRECTIONS Call me with any questions. 315-952-2671 John.
Want to know how a real estate magician does his tricks? Check out HUD Home Buying Secrets. You’ll receive the latest in HUD information plus my HUD secrets to save you 30-50+% on your next purchase. Satisfaction or your monrey back I mean it. No questions asked. Since I’m only one person you may need this to help your current realtor guide them through the process. I’ll be raising my prices with the new year to $47. So order now while you can get for nearly half that. Here it is Ta-Da presto chango… HUD Secrets
