1st Time Home Buyer, How can I get the best deal?

[Paul Gomez]

Hello every one, thanks in advance for your insight. I have plans to buy my first home, but i dont want to just do it the traditional way, I would like to be able to buy something with as much discount as possible and be able to do some rehab, get immediate equity and live in it for a few years and then resell. I have also read quite a bit on how to Identify potential preforclosure houses on the county's website (or equivalent) listings, If I were to have about 20% down for a 250K home, and a bit more for rehab, would this be the best way to go about this? Or would you recommend going the forclosure/HUD route?...or any other advise is welcomed( Charlotte NC) Thank you!!!