An option while Flipping Real Estate is to buy foreclosures. Buyers have three methods to purchase property during foreclosure. Buyers may be able to buy properties directly from the owners in default during the foreclosure period. Another option is to buy the foreclosed properties at a publicly held auction by the banks. Or if the lender has already taken over the foreclosed property buyers may be able to purchase the property directly from the lender. You could also consider investing in the government foreclosures. Buying foreclosures is one of the best ways to achieve an extra bargain while trying to buy properties.