Buy Flip With Cash / Immediately Finance

[Chris A.]

Is it possible to buy a house with cash and then turn around and finance it immediately? We're looking at a property and only cash offers are accepted. We have the cash to cover it but would ultimately want to immediately free it up for the repair costs.

[Roy N.]

Originally posted by @Cody L.:

Oh. If you close cash then refi note you're going to duplicate a few closing costs. Title fees being the big one

Other than registering the mortgage, you should not incur additional title fees unless there is a simultaneous change in registered ownership ... but, undoubtedly there will be variations between jurisdictions.