I am considering purchasing a multi family home 39k for cash

I am considering purchasing a multi family home 39k for cash

Windsor, NY · Member since 2018 · 12 posts · 0 votes

Hi Everyone,

I was wondering if I could get some feedback on pursuing cash transactions for purchasing investment property. I know that there is risk because of the lack of paper trail, but could this also raise a red flag for the seller not wanting the banks to get involved? In other words can I still pay in cash after getting a rental mortgage to pay the seller and get an inspection done on the house before signing the dotted line? 

Thanks in advance,

-Matt K

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  • Rental Property Investor · Dallas, TX · Member since 2017 · 1k+ posts · 1k+ votes
    8y

    @Matt Kistner It's a free country. As long as both parties agree you can do anything. Would you want to do it is a separate question. 

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