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 HUD homes: Working with an agent who specializes in US Department of Housing and Urban Development (HUD) homes, you can build a career by purchasing these homes at a discount and rehabbing them for quick, profitable sales.

 For Sale By Owner (FSBO): When everyone else is searching the MLS for deals, you may prefer driving around the neighborhood and looking for homes with a For Sale By Owner sign on the front lawn or searching for the ugly duckling on the street and then visiting your county’s register of deeds to see who owns it. The Multiple Listing Service (or MLS) is an organization that maintains a database of houses and other real estate for sale or rent all over the country.

 Seized homes: Law enforcement agencies commonly seize property and then need to unload it. By focusing your energy in this area, you can corner the market on seized homes.

 Teardowns: Homes that are beyond hope may still hold opportunities if the price and location are right. Some investors earn a sizable return by tearing down old homes and building new ones in their place.