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Updated almost 7 years ago on . Most recent reply

Reyes Velasco's profile image
Reyes Velasco's profile image
Reyes Velasco
  • Investor
  • from gardena, California
  • Member since Aug 14, 2017
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33
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Reyes Velasco's profile image
Reyes Velasco's profile image
Reyes Velasco
  • Investor
  • from gardena, California
  • Member since Aug 14, 2017
Connect
Reyes Velasco
  • Investor
  • gardena, CA
12
Votes |
33
Posts
Buying & Selling Real Estate

Buying cash then refinance

Reyes Velasco
  • Investor
  • gardena, CA
Posted

I found a property that i want to buy for 95,000. I was going to get a loan and go 30%down. Then my friend suggested to buy it cash, and offer less at 80,000. Then once i close i refinance. He said it would be same mortgage but i would get the house cheaper.  Can i do this?

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