Starting Out
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply
Buying all cash or use a loan
I just inherited some money and have always wanted to get into real estate investing. I have enough to buy my first property right out but I'm not sure if It would be smarter to use some type of loan. Any advice would help, I am still new to this journey and am learning the best route possible. Thanks!
Most Popular Reply
![Landon Bleau's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/951937/1621506154-avatar-landonb10.jpg?twic=v1/output=image/crop=796x796@15x16/cover=128x128&v=2)
Abigail, if I had the cash to purchase a property outright, I would utilize that to get into the property, then refinance and get your money back out. For example, a seller might be more inclined to accept your offer if you don't have the financing contingency, so offer them all cash. Then once you close on the property, refinance it to get most of your money back out.
You could also BRRRR since you have the money on hand. Essentially you flip a house but keep it and rent it out as opposed to selling it. If you do it perfectly, you can continuing pulling your money out and buying the next, building the portfolio!