Advantages of a full cash offer for investment property (in TX)

[Prasanna K.]

Given the current situation, to make offers attractive some folks are considering full cash offers. Any idea what would be the rough closing cost advantage between full cash versus 25% down on a $300K property. I am assuming about 1% loan origination cost can be saved.. anything else? lender title insurance savings?

Understand liquidity disadvantage with full cash offer.. but HELOC or cash-out-refinance could help there right?

[Joe Funari]

@Prasanna K. @Andrew Postell is who I recommend to all my clients for financing their investment properties. He is the best I have worked with for many years. But I also wanted to add that here in the Dallas/Ft. Worth area the demand is so high for SFR rental properties that on financed offers the sellers are requesting the buyers to sign the appraisal waiver addendum. In short, this states if appraisal comes in lower than agreed purchase price the buyer has to make up the difference. If they don't they will forfeit their earnest monies. It is something I always advice my buyers to decline. But this means you will need patience as a buyer as you will get many rejections on offers. So consider a cash purchase and possibly financing into a mortgage to pull out cash and continue the process.