Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

5
Posts
2
Votes
Happy Sohi
Pro Member
  • Rental Property Investor
  • Maryland
2
Votes |
5
Posts

All cash purchase or should I get a loan?

Happy Sohi
Pro Member
  • Rental Property Investor
  • Maryland
Posted

Hello Folks, 

I am interested in purchasing a home and am trying to figure out if I should purchase it all cash, and then refinance after rehab, or if I should get a loan.  This is an investment property, and I thought since I have the cash, I can benefit from an all-cash purchase and hopefully get a lower price.

My questions are:

1) Does it make sense to buy with all cash, and refinance in a few months, knowing i will pay closing costs twice?

2) Is it more difficult to get a mortgage on an investment property even though i would own it free and clear?

I do not want to tie up all my money in the investment, so I will definitely be getting a mortgage on it, but I want to get the benefits of being a cash buyer.

Thanks!

  • Happy Sohi
  • Loading replies...