Buying all Cash and refinancing/taking out equity in a year

[Constantinos Zavos]

Hello everyone,

Relatively new RE investor here. I am looking to buy another property and I have the opportunity to work with a cash provider that is willing to put down a significant percentage of the money so we can buy the property with cash. His recommendation was to wait a year for rates to fall and refinance the house so he can get some of the cash equity out. 

Any thoughts on a transaction like that? Are there any disadvantages to buying all cash? 

Would it be better if we split the total money into 3-4 properties and levered them up? One consideration is that the market we are looking at is pretty hot so properties fly off if the offers are not all cash. Wondering if there is a way to offer all cash/get a mortgage right away and use the remaining cash for other cash offers after. 

Any thoughts would be much appreciated!