So in addition to all the spammers there were a few non spammers and here is my foreclosure question.

I was watching some hdtv show on foreclosures. They had a guy said he had done lots and lots of profitable flips. And he bought a place for 60k. During the work he way in a hurry because every day he was paying more on the mortgage.

If he really had made so much money before why didnt he pay cash for the house. In addition to the mortgage he would have avoided all the intial loan related costs. And he could have made a cash offer which might be more appealing.

Is there something I am missing? Is there a benefit to getting a loan for a flip?

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Ki Gray - Austin Realtor - Working in Austin his site covers the Austin Real Estate market. If you are considering investing in Austin be sure to check out his Austin Real Estate Blog or look through some of the Austin Homes currently for sale.