Buying Property with Cash with Intention to Refi

[David S.]

Hey all,
I am working on my first deal and this question keeps nagging me. In some situations I have the ability to pay cash for a property - either with partners, HML or personal funds. Ultimately, I obviously want to be leveraged and not employ a lot of cash. Assuming the property is in rentable condition sometime after I buy it how much resitance would I encounter to refi and get the cash out ("cash-out REFI?"). I don't want to pay cash for something and then have a big problem getting it out of the property. Please clarify for the newbie. Thanks!