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Updated about 10 years ago,

Derek Sperzel's profile image
Derek Sperzel's profile image
Derek Sperzel
Pro Member
  • Rental Property Investor
  • from Jeffersonville, IN
  • Member since Apr 18, 2012
  • Posts 72
  • Votes 40
  • Experience 14 Yrs
  • Investments 18
Connect

User Stats

72
Posts
40
Votes
Derek Sperzel's profile image
Derek Sperzel's profile image
Derek Sperzel
Pro Member
  • Rental Property Investor
  • from Jeffersonville, IN
  • Member since Apr 18, 2012
  • Posts 72
  • Votes 40
  • Experience 14 Yrs
  • Investments 18
Connect
Derek Sperzel
Pro Member
  • Rental Property Investor
  • Jeffersonville, IN
40
Votes |
72
Posts
Buying & Selling Real Estate

Paying cash for REI

Derek Sperzel
Pro Member
  • Rental Property Investor
  • Jeffersonville, IN
Posted

I have been searching for my first rental property, and I am getting beat to the punch on the good deals. IE, the pros are making cash offers as soon as a deal hits the MLS and scooping them up. I don't want to tie up all my cash, but couldn't I pay all cash to secure the property and then refi 80%? Is this a common practice?

  • Derek Sperzel
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