Purchasing with cash, then financing on C properties
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!