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Updated almost 3 years ago,
BRRRR Method with 100% cash vs financing
Hey All
I've been doing a lot of research on different investment methods and have mainly been focused on the BRRRR strat. Reading David Green's book, he stresses in the beginning to use cash to fund both the purchase and the rehab. I'm struggling to figure out what the differences are between using all cash, or financing. From what I've read, once you close on a house the seasoning period is usually 4-12 months before you can cash out refinance and it appears that this seasoning period occurs no matter how you've purchased the property; so either way, your cash is tied up for that period. What am I missing? I do understand the hidden costs of not having to deal with the bank, closing faster and cash is more applying to buyers, is that all? Thanks everyone!