Multi-family buying strategy for beginner

[Patrick Reilley]

I am a new investor and have set a goal to buy my first property within the next 6 months. I have only a small amount of capital to put down as a down payment, so I looked at what other assets I have at my disposal, which just happens to be fantastic parents.

They have agreed to supply the capital for the remaining 75% of the purchase price allowing me to make a purchase all cash. This will hopefully give me an advantage and allow me to buy at a discount.

Once the deal has closed, I would put debt on the property and return their capital to them.

Is this a sound strategy or are there things I might be overlooking? Is it reasonable to assume I might be able to buy at a discount as an all cash buyer? I'd appreciate any insight and experience BPers might have to offer.

Thank you!