Buy a home at a low price, make repairs or improvements if needed and sell to make a profit. This is known as flipping houses, and you can make a good profit doing it.
You can find homes at discounted prices through foreclosures and auctions. Armed with the proper resources, you can find these properties simply by using the Internet.
Know which homes are going into foreclosure. Locate homes that are going into the auction phase of a foreclosure and buy the home at a significantly reduced price. For homes located in Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon, Tennessee and Washington, go to USA-foreclosure.com.
Buy government homes at auction prices. Go to mcbreo.com and click on a state located on the far right of the webpage. This website lists homes from government agencies such as the U.S. Department of Housing and Urban Development (HUD). The website Includes listings for Arizona, Colorado, Michigan, Montana, Nevada, Utah and Wyoming.
Buy a HUD home. Many of these homes are offered through the U.S. Department of Housing and Urban Development (HUD) at incredibly low prices. Visit hud.gov, click on “Topic Areas,” then click on “HUD Homes.” Click on the state in which you want to buy property.
Buy a bargain property. The Federal Deposit Insurance Corporation (FDIC) lists bargain properties for sale, seen as low as $6500.00. Go to www.fdic.gov, click on “Asset Sales,” click on “Real Estate Sales,” then click on “Bargain Properties.”
Buy seized property. Property seized by the U.S. Department of Treasury is sold at auction to the highest bidder. Buy a home at one of these auctions to obtain a property at an incredibly low price and gain instant equity. Visit treas.gov, click on “Auctions—Seized Property,” then click on “Real Estate” under Treasury Executive Office of Assets Forfeiture auctions.
Buy houses cheap. Visit homesteps.com, a Freddie Mac unit, and click on “Find a Home.” Click on either “Search for your next home” or “Home Detective.” This website lists thousands of homes for sale at incredibly low prices. Property information includes contact details for the real estate broker involved.