Take advantage of low-priced Antelope short sales and foreclosures to flip for a profit

When you're looking to buy low-priced properties and improve them quickly for a profit, you might want to consider Antelope, CA real estate. This community's foreclosures and short sales are almost entirely under $200,000, and quite a few are listed for $150,000 or less. You'll want to be buying at this level to maximize your potential profit in the long run.

You can find a handful of distressed listings below $60,000 at their lowest prices. Some of these are auction foreclosures, though, which can be a risky gamble. You'll be better off sticking to bank-owned or REO foreclosures and short sales if you're insisting on prices this low.

Going up to the $100,000-and-up price bracket, you'll be more likely to find homes in better condition that have been fairly well-maintained by their current owners. While flipping may still involve making some improvements to increase the home's value, you'll be able to devote more time to selling this way.

If you want to make more of a gamble but have a chance at a greater profit, look at the $175,000 to $200,000 range. You can find some three- and four-bedroom homes that are practically a steal at this cost and attract the attention of family buyers when you sell.