You could pick up a foreclosure property at a discount of up to 45 percent in this Ohio city. Read on to learn more.

"I think the entire country right now is for sale," said Heller, who recently founded the newly launched social networking website RealtyJoin. "A few areas are marginally better because they experienced greater falloff, so they have greater growth potential."

To Heller's way of thinking, the best strategy for investing in real estate today comes down to three ingredients: buying at a significant discount, buying the right type of property to attract the types of tenants you want to rent to, and lastly...location.

"To me, for investors the bigger issue -- as opposed to what parts of the country are better than others -- is all parts of the country are great so long as you can buy low enough," added Heller. " Today the investor should be buying property between 30 and 60 percent off."

Based on data from RealtyTrac, National Association of Realtors (NAR) and Bureau of Labor Statistics (BLS), all of the metro areas on the list below had an average discount of at least 35 percent on foreclosure purchases, positive year-over-year growth in median home prices and relatively low unemployment rates.

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