Real Estate Geek

Another invaluable resource for the investor or home seeker is the use of the local MLS. But if you aren’t a realtor, how do you find and obtain access to the system? The way the MLS is structured generally works like this: if a town is small, the MLS might be tied between it and [...]

If you don’t already know it, your local newspaper creates a substantial part of their income by selling ads in the classified section of its publication. And these advertisements have reached a new level in many local markets - the Internet. With the boom of the Internet and its use, more and more local newspapers [...]

If you have done any real estate investing, you understand how difficult it can be to find motivated sellers. So being able to find distressed properties like VA foreclosures can really help you get started. The Veterans Administration list properties with a website online that anyone can access, not just a realtor. Not to mention, [...]

If you have been in the real esate game very long, you certainly understand the value of knowing the property tax appraisal value on any deal you are considering. And for those of you who know how to retrieve that information online, more power to you. But if you don’t know how to find that [...]

Now that you understand how HUD’s bidselect website works, I want to give you my strategy and approach to bidding HUD foreclosures. It’s relatively straight forward, and should be a cinch for you to duplicate. So here it is:
Bid Early, and Bid Often!
This may seem somewhat elementary, but it is exactly my mentality and approach [...]

In the last post on understanding the HUD foreclosure website, I ended by showing you about their listings designated for “Government - General, Owner Occupant”. The basics of this was that HUD tries to encourage owner occupancy over letting properties go to investors. But if HUD cannot obtain a buyer for owner occupancy, it will [...]

As I have mentioned previously, finding an investment property at a discount can be tough, however bidding on a HUD foreclosure is extremely easy. But the question is, do you understand just how easy it is to find and bid on one of these properties? Do you know how the HUD system works, so that [...]