WWhat’s the advantage of buying with all cash?

[Cesar Perini]

For my first investment out of state...

Originally I wanted to finance multiple homes but I feel I can get a better deal by offering an all cash offer. I can always refi up to 75% after I get the home and reuse the 75% on another home. Is this a good strategy to find a good deal?

Will sellers take less then there asking price if you have cash?

I’d appreciate your thoughts and help.

Thank you

Cesar

[Clifford Paul]

1. You can offer less than asking price 

2. You can close in 7 to 10 days

3. Your agent knows you are a cash buyer and will bring you off market deals (pocket listings)

4. The word gets out that you are a cash buyer... no joke people will hunt you down with deals 

5. You have no mortgage = more cashflow 

6. If the economy tanks and you have to lower rents you still cashflow 

That's just 6 off the top of my head