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Updated about 10 years ago on . Most recent reply

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11
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0
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Rob Fordham
  • Powell, OH
0
Votes |
11
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Pay Cash but then get mortgage?

Rob Fordham
  • Powell, OH
Posted

Has anyone paid cash for a rental property then turned right around and gotten a mortgage at 80/20? 

So if I have an opportunity for a deal that makes sense on the numbers but only if I offer a quick close. 

I can pay cash BUT I don't want to tie up that cash very long. So has anyone paid cash then gotten a mortgage on the property so they can get money to buy more properties?

Really would appreciate any help here. 

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