If you want to get the best deal on a finding a foreclosure in Dallas then what I would do is plan on view 100 houses in your price range. Then start looking the demographics, and start to weed out the good from the bad. Once you get down to about 20 you need to get in your car and go drive to each house and inspect it. Now, get down to your top 3 foreclosures, and figure out which one will pull the biggest profit, and then submit a bid way below asking price. The banks (who are currently desperate for money) will then counter, and you will be able to see at range you can land house for. There is no reason why you should pay full price for a foreclosure in today’s market. Bid LOW! After finding your Dallas Foreclousre and then bidding it, now you have to decided if you are going to flip the house or rent. I personally am looking at rental properties because there are a lot of people that cannot purchase a home due to bad credit, so it is easy to find a renter, but more challenging to flip and house.