hi guys-

need some advise, im getting into purchasing mutifamiles from banks that are foreclosed which accept cash only.

what do you guys think is the best financial strategy? purchase with hard money, repair, and then refi with a bank? i feel like that will be too costly due to the upfront points and the interest rate.

any advise will be truly appreciated!! thank you

Going through a local bank would not be cash.   I'd shop around for hard money lenders.  There are varying degrees of quality and pricing.