The first step to becoming a successful investor of foreclosed homes is to know where to find these properties. Since repossessed homes are usually sold below market value, many investors, real estate agents and even the general homebuyers are always on the lookout for good real estate. As such, you should know where to find foreclosure listings before your competition does.
Be aware that not all repo homes on the market are good deals. It would take deeper research and assessment to find profitable opportunities within the foreclosure market. There are several ways of finding amazing deals on repossessed homes.