Those looking to get started in real estate investment may want to consider buying a foreclosure. With the current recession, millions of foreclosure properties are available at cut-rate prices. Though the process of buying a foreclosure may seem overwhelming at first, it is also quiet exciting and rewarding. To begin, start by researching how the foreclosure process works in your area. Once you understand the basics, you can begin looking for foreclosure properties to invest in. Before you make an offer however, you must remember to look at the home as an investor. While foreclosed homes may be selling for well below market value, they may also need a bit of work before they are livable. Make sure to estimate the cost of repairs before buying a foreclosure.