Cash Purchase with Refinance

[Marjorie Deprez]

We found a property that will likely get multiple offers. We would like to put in a cash offer and quickly recover our money with a refinance and still be able to deduct the interest. Is there any rule or timeline in which this has to be done? 

[Tanner Lewis]

I think you are concerned about seasoning requirements for cash-out refinances here. As long as you don't finance the acquisition, you can start on a delayed finance post closing. This is essentially a cash-out refinance post-closing.