How to Turn a Profit on Foreclosures

The housing market, as well as the U.S. economy, is doing quite badly at this time. Foreclosures are higher than ever before and now is the time to capitalize on them. I can show you a few simple tips to help you turn a profit on a foreclosed house.
Instructions
Step 1
Find a website or library that shows you a list of foreclosures and upcoming foreclosures in your area. This will let you know where to go to look for the properties.
Step 2
Once you find a couple of properties that interest you, go scope them out. Try to avoid houses that are in really bad shape. If they only need a handful of odd repairs, then they are still a safe bet.
Step 3
Sometimes you can buy the homes through the bank or at auctions. Discover whichever is available to you and try to purchase the home as cheaply as possible.
Step 4
If you succeed in purchasing a property, then begin to work on fixing up the house to sell-able condition. Ask yourself if you would buy the property based on its location, look, and landscape.
Step 5
Once you've fixed the house up, look for a potential buyer. Offer to show the buyer the house and what you've done to fix it up. Normally you can turn a nice profit on a home that you've purchased. Youtube has great instructional videos on playing the foreclosure market.