Often in real estate the #1 place to invest is in foreclosures. Many Market conditions make it a great time for small to medium real estate investors to purchase 1 or more foreclosure properties for their own residence, resale or rental. During downswings in the economy, more higher end properties go into foreclosure, so the impression that foreclosure properties are only obtainable in high crime areas is wrong. Beachfront and homes in affluent areas are always part of the mix of foreclosed properties available. You can purchase foreclosures for as cheap as 50% under market, but many foreclosures sell for just 10% under market.
See the rest here:How to Purchase Foreclosures
