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Chris A.
  • Investor
  • Nashville, TN
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Buy Flip With Cash / Immediately Finance

Chris A.
  • Investor
  • Nashville, TN
Posted
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.

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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied
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.

  • Roy N.
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