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All Forum Posts by: Joe Villeneuve

Joe Villeneuve has started 0 posts and replied 12921 times.

Post: Cash Purchase

Joe Villeneuve
#5 All Forums Contributor
Posted
  • Plymouth, MI
  • Posts 13,466
  • Votes 19,537

Buying with cash, particularly if it is on a discount, allows you to use that cash on an unlimited number of houses...and in the end, you never have to actually spend it.  Chances are, as an investment property, you will be getting a large cash flow from it.  That large cash flow will allow you to cover the payments when you refinance your "cash" right back out...to use again on the next house.  Just keep repeating this as long as you can/want, and when you refi the last deal, you get all your "cash" back.

There's a little more to it...it's always in the dtails, but I think you get the jist of it.

Joe Villeneuve
REcapS Systems