Updated almost 11 years ago on . Most recent reply
Paying cash for REI
I have been searching for my first rental property, and I am getting beat to the punch on the good deals. IE, the pros are making cash offers as soon as a deal hits the MLS and scooping them up. I don't want to tie up all my cash, but couldn't I pay all cash to secure the property and then refi 80%? Is this a common practice?
Most Popular Reply
Derek talk to your some one in your local bank. You do want to make sure that the bank will lend to you before tying up all your cash.