Purchasing with cash first and then obtaining a mortgage.

[Luke Boff]

Hello everyone I am looking for some opinions here. I have this opportunity to purchase a house that I intend to brrrr. My plan right now is to use my cash to purchase the property and then soon after get a mortgage in place to free up my cash in order to do the rehab. I wanted to know if this was a possibility and how smooth this process could go. Normally I wouldn’t do this but right now cash is king so I can get a better deal on the property with submitting a all cash offer.

Please let me know what you think! Thanks!