Government foreclosures

HomeSales.gov
You buy low and sell high.
OK, great, we all know that.
But what do we buy?
Property.

More specifically, a home.
You simply have to jump on board, even if you think you're not ready.
I'm reminded of something Eleanor Roosevelt used to say to people trying to slow her down: "If we wait till we're ready, we'll never get started."

Here is where you get started.
The United States government has, for the first time ever, combined the bulk of the repossessed properties it owns - under the authority of the Departments of Housing and Urban Development (HUD), Veterans Affairs (VA), and Agriculture - into one website.

The government hasn't yet officially announced the site's existence, but it's up and running and ready to sell you a house.

Every year, over 100,000 homes end up in the hands of these agencies because of borrower defaults and foreclosures. These are not McMansions. They are not for the faint of heart. You can buy them only "as is." But - they're priced to sell fast, are marked down promptly when they don't, and you can always see the full appraisal report supporting the asking price, a feature you won't get anywhere else in the market. [via bookofjoe]