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Updated over 11 years ago,

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6
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0
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Jill Norman
  • Charleston, SC
0
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6
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Buying with Cash ... Newbie question

Jill Norman
  • Charleston, SC
Posted

I have been reading about investing in Real Estate and I want to get a good handle on the terms before I start investing. I have seen many investors promote "cash deals" in their direct marketing pieces. If I were to buy a property with a conventional bank loan by putting down 20% does that count as a cash deal? I'm thinking the answer is "no" because the bank would take at least 30 days to close. Please clarify the terms "cash deal." Thanks!

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