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Updated about 6 years ago,

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2
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Danny Woodring
Pro Member
  • Rental Property Investor
  • CO
0
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2
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Buy with cash to lower purchase price?

Danny Woodring
Pro Member
  • Rental Property Investor
  • CO
Posted
My wife and I have the opportunity to purchase a fixnflip. We were advised by the listing agent that if we make a cash offer the seller would drop the price by $20k. We have the means to make the offer and to complete the rehab but that would leave us pretty strapped. Our thought is to buy the property cash and then get a loan from a bank to put our initial investment back in our account. Would this be a wise decision? This is also going to be our first deal so any advice would be greatly appreciated.
  • Danny Woodring
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