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Updated about 8 years ago on .

User Stats

51
Posts
7
Votes
Sean Kelly
  • Property Manager
  • Nashville, TN
7
Votes |
51
Posts

Purchasing with cash, then financing on C properties

Sean Kelly
  • Property Manager
  • Nashville, TN
Posted

Hey guys, 

Looking at paying cash for 3 C properties in a market thats ~2hrs from me. 2 SFU and 1 duplex. Currently rented and under property mgmt. We'll say $100k total and $2150 gross monthly rents combined. 

I will likely be paying for an inspection on the front end as part of the purchase contingency. 

I will be financing them soon after to pull my cash out. 

Anything I should be aware of?

Suggestions in prepping the properties for financing?

This would be a first for me. I've not done an all cash purchase then a finance on a property. I'm doing as much homework as I can, given that these properties are in C areas..

Thanks everyone!

  • Sean Kelly