Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated about 6 years ago,
Buy with cash to lower purchase price?
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.