If one were to purchase an investment property for cash...

[John D.]

,could/would a bank extend a mortgage on the property to the buyer after the cash purchase?  The end result being the purchaser getting their cash back and instead having a monthly payment.

What would the process be?  

Does this scenario put a buyer in a stronger position to close a deal in your opinion?

Thanks everyone!!

[Brent Coombs]

https://www.fanniemae.com/content/guide/selling/b2...

Using the "Delayed Financing Exception": ..."loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs"...

(But, if 70% of the appraisal value isn't as much as the purchase price, then you'll end up short. Also, you'd also still need enough cash/loan-ability available for rehab costs). Cheers...