They say that one person's misfortune is another's fortune. This is most certainly true in the current foreclosure market. With people losing their jobs all over the place and the screws being tightened on all end of the economy, there is a lot of opportunity to take advantage of the massive slump in the real estate market. Any market goes through fluctuations. With real estate, this latest slump is perhaps the worse in history and even if you compare it to the last major crash in the 1980's its massive.

During a normal real estate market in a country like the U.S different states and different areas get affected. Investors know that and most of them are mobile and capable of moving from one opportunity to the next without blinking.

As a private investor the opportunity presented to you now is also there. Many investors are already buying up large chunks of property as closeout prices. With so many people in dire financial situations they just want to sell. Because everyone is selling the market is flooded with supply and a very low demand - a golden opportunity for any investor.

Another great thing to use to your advantage is the low interest rates. The overall economic situation in the world and more specifically in the U.S means that interest rates are super low. You can use the bank's money and get it really cheaply.

When the markets are going to return to its pre-recession levels there are going to be a lot of new self made millionaires. Many people will make 200% profit on properties. The real challenge however is holding on to them for long enough. Buying foreclosed homes is one thing. Maintaining it is another. Although the rental market is pretty strong you still need to pay the mortgage. Be smart. Invest smart and use this opportunity to buy dirt cheap real estate. It probably won't be this cheap again in the next 50 years.