I was in the same boat as you but I found that with my rentals being profitable it was easier to just do the "100% down payment" deals and not give any of my profit to the bank.I was in TX for 30 years and just left the Austin area (Marble Falls actually) about a month ago.Good luckall cash

So I guess that my plan is to put bids on properties as if I'm going to hold them to the river (i.e. make sure that they're positive cash flow after paying everybody that needs paying / generate sufficient IRRs), but to the extent that I can, I'd like to flip them for a quick profit.

How would you present this to the bank and make sure you make a profit?

I had coffee with some people from the non-profit sector.

Puke.Here's hoping that you make your money back through a profitable investing career.

Also should i buy a cheaper place around 25k which I could pay off much more quickly and start making profit or something around 75k which could potentially rent/ sell for more?

We currently have a great list of properties in our area that are well under valued, with post construction a profit of 35%-45% of overall sales price. price ranges from 15K- 150K purchase price before construction.

I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits.

With that kind of cash you could easily afford to buy into a REIT, or some other profit generating real estate investment, however with that said there is some risk there, you may loose that money.

HE JUSY WANTS TO DEAL WITH ONE PERSON SO IF HE GOES UNDER CONTRACT WITH ME HE WANTS TO SIGN THE DEED TO ME,SO, IT LOOKS LIKE I WOULD HAVE TO HAVE 2 CLOSINGS, WOULD THAT NOT CUT IN TO MY PROFIT?