How to buy Foreclosure properties?

[Christian Olivo]

Good afternoon BP community,

Due to the current state of the economy I started wondering about Foreclosure properties. I understand there are many of options to chose from rather it be bankowned, HUD, quick sell, and I'm sure much more to list. However I would like to ask those that have had success or failures to share there experience. I am still new to the investor game with only one Multi Family property underway, would diversifying in foreclosed property to renovate be in the best interest at this stage?

Thank you all who reply, i truly appreciate the guidance and wisdom shared on these Forums.