Buy with cash. Mortgage Later?

[Christopher Nelson]

Hello everyone!

I know this questions may have been asked and I have looked on the forum, but some of the information I am gathering is well over 2 years old. I just want to make sure it is correct. 

I am starting to get into investing and I have a few backers to get the ball rolling. 

I want to do fix and flips as well as buy and holds. (I want to get it to where I can wing myself off of using their money)

A strategy I want to implement is to buy a cheap property, put in some sweat equity and get a mortgage on it down the road to essentially get all of my funds back out of the deal and then some  to fund my next deal. 

Is there a holding period before I can get a mortgage based on the new appraisal price from a cash sale? I seen it was 6 mos minimum, but I want to be sure.

Any other creative financing techniques are welcomed!