Cash Purchase and Refinance

[Mark Brennan]

Good Afternoon Everyone!  Newbie here looking to purchase my first rental property.  Instead of purchasing a property with a traditional mortgage, I was thinking of offering cash to try and get the purchase price lower, then refinance, hopefully pulling 75% or more of my cash out and moving on to the next property.  I know I will have to pay double closing costs, but if I can get a $10k-$15k lower purchase price by paying cash, I’m thinking it will be worth it.  Any advice would be greatly appreciated!  Thanks!