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Updated over 11 years ago on . Most recent reply

User Stats

72
Posts
40
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Derek Sperzel
  • Rental Property Investor
  • Jeffersonville, IN
40
Votes |
72
Posts

Paying cash for REI

Derek Sperzel
  • Rental Property Investor
  • Jeffersonville, IN
Posted

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?

  • Derek Sperzel
  • Loading replies...