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Updated almost 7 years ago,
I am considering purchasing a multi family home 39k for cash
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