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Updated about 5 years ago on . Most recent reply

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Yesh Ravi
  • California, CA
4
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16
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Due Diligence when buying all cash

Yesh Ravi
  • California, CA
Posted

Hello BP Community,

I've finally decided to take action after spending a lot of time on BP. I'm all set to do my first BRRRR (also my first property) and wondering what are the risks involved?

What areas should one be cautious about when buying a property all cash?

Any shocking stories you have? It could help many investors like me.

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1,018
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Dan Barli
  • Attorney
  • Clifton, NJ
328
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1,018
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Dan Barli
  • Attorney
  • Clifton, NJ
Replied

@Yesh Ravi if you're looking to do the BRRR strategy, make sure your last r -refinance is lined up and secure. Otherwise you'll find yourself in a bad loan. When buying cash, you should still do inspections and get title insurance. Hope that helps!

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