The opportunity to make GREAT BIG BUNCHES OF MONEY are more likely to exist with a trashed foreclosure than a regular sale. Did I mention GREAT BIG BUNCHES OF MONEY?
Of course,,,,you need to have a bit of skill
Right market environment
Right exit strategy
No less the $25,000 profit an each deal. Most do much, much, better.
Unfortunately, the citizen buyer will see 'Great big bunches of money' and think that is exactly what they want to do and will find themselves in deep, deep trouble.
If you are an experienced, successful flipper, REO can be good. If you are a weekend handy man, this can become a incredibly costly trap.
Great Big Bunches of MONEY! .. 'What's not to like?"