Skip to content
Starting Out

User Stats

17
Posts
6
Votes
Kevin Panella
  • Yorba Linda, CA
6
Votes |
17
Posts

All cash vs. 20 percent down pros and cons...help!?

Kevin Panella
  • Yorba Linda, CA
Posted Apr 10 2021, 14:18

First time investor Looking to buy some multi family 2-4 units in the 60-100k range. Most important thing for us is monthly cash flow. All properties will be out of state from where we live. Currently researching markets, but haven’t visited any yet. Have 200k in cash on hand. My question is what would be the best way to buy these? Looking to leave as little cash in the deal and still remain cash positive. Should I buy these all cash and refi after close? I feel like ultimately I could get a better deal this way or be able to buy a property that only accepts all cash.

Or

Should I put 20 percent down and just leave that money in the deal? And hope to refi later and pull the money back out?

What might I be missing or not thinking about? Looking to start with one, and then duplicating the process? Any thoughts out there?

Loading replies...