Paying Cash Vs Financing

[Jennifer Buchholz]

Hi All:

I have identified a property to purchase that will cash flow nicely.  I have enough cash to pay cash and cover the reno.  I also will qualify for a mortgage and have good credit.  The value of my cash has come down significantly in the past few months so I would be moving it out of my investment accounts at a low point.  But of course mortgage rates have gone up.   Generally speaking, what is the best approach - pay cash and then refinance or put down payment and mortgage?  Any thoughts would be helpful.  Thanks,