Buying Houses in the Bankruptcy, Pre-foreclosure, and Foreclosure Stage

[Ryan Rutan]

Hello everyone. My name is Ryan, and I am a longtime follower of BiggerPockets but have never interacted before in the forums. My wife and I are about to finish our first house flip. It has been a longer process than intended, but because of that we should receive a very good profit, netting $100,000. We want to make the most of this capital for our next house flip that we want to complete in six months or less. We have been looking on the HUD.com site and see a lot of houses in our area undergoing bankruptcy, pre-foreclosure, and foreclosure. My question for you guys is what is the best strategy for each of these stages to acquire a good deal for a house flip? I know little about the processes and laws related to each of these stages. Any advice and knowledge would be appreciated. Thanks!