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Updated about 7 years ago on . Most recent reply
Buy duplex with cash, get mortgage after?
I'm a new investor. I recently sold a business and have enough cash that I can buy (and repair) a property without financing. I like the advantage of making a cash offer, plus being able to fixes without following bank rules. I also like leverage and low interest rates.
So I want to buy a 2 unit rental property with cash, then take out a mortgage. Is this a reasonable strategy? What sort of rate should I expect? As a result of the sale of my company, I have gone from low six figure W-2 income to mid-six figure investment income. Will this affect my mortgage application?
Most Popular Reply

This is very common and what you often see referred to as the BRRRR strategy here on BP.