if you want to flip a recently purchased foreclosure, makes more sense to establish a line of credit with a funding source and not tie up cash in one deal at a time. its all cash at closing table, so don't get what you think you gain by buying a foreclosure with cash. And to flip it, why so you can buy another foreclosure? Now if you want to buy with cash because you cannot get a mortgage, why would you want to flip it? buy and hold and rent or live in makes sense. Deal with one agent, and get specific info and help.