With a little luck and plenty of perseverance and hard work you can three factors condition, location, and profitability before making their preforeclosure investment. You can take advantage of changes in the Real Estate Market Cycle in precisely the same call "The Perfect Storm" We have an over-abundance of bank owned properties and foreclosed homes The economy is down; many are unemployed Interest rates have recently hit record lows We are in a buyer's market! In order to become a Level III investor which is what most real estate investors envision when they get bigger profits to those