Question:
Mike, there are some foreclosures we can not bid on because it goes to potential homeowners first. Isn’t that discrimination? Can they get by with it?
Thanks Mike,
Farril
ANSWER:
Great Question Farril. Sorry, but you lose on this one.
HUD has been doing since I started investing decades ago.
“Investors Are NOT a “Protected Class.” There are only 7 protected classes in the federal fair housing law.
For example, you could have a policy for your rental properties forbidding attorneys or police officers… perfectly legal.
You might not like it Farril, but it is OK for them to allow “Owner-Occupants” first shot.
To Your Continued $uccess!
Mike Butler
Recent Comments