Cash offer and finance after closing...

[Ryan Parsley]

What are your thoughts on buying with cash to be competitive with the offer in a multiple offer scenario and then finance the property immediately after closing to get the cash back? Property needs work, our plan would be to renovate with the funds returned after the financing. Fully aware that we would be at the mercy of the appraisal but trying to think of ways to be competitive to a seller when multiple offers are expected.