Purchasing foreclosed properties from the Veteran Administration (VA), can be one of the most lucrative real estate investing techniques.  Look for properties with only cosmetic problems in good neighborhoods.  If you have decent credit, in many cases you can take possession of investing real estate opportunities for less than 5% down, sometimes no down payment is required.  Foreclosure listings on homes is handled on a state by state basis.

VA government foreclosures information by state: