Loan Costs VS Refinance Costs

[Matt Maluchnik]

Working on my first deal (a vacant SF home). If I get a loan to buy it I'm estimating 3% closing costs of an $85,000 loan (ARV $130,000). So that would be, $2,400. Or, I can buy for $85,000 using cash, so I can close quicker (and potentially get for a bit cheaper, but assuming not for now) ... I would then rent it out and refinance the $85,000 back out a month later. Are the refinance costs lower then using the loan to close it the first time around?