Cash vs financing question

[Roy Gottesdiener]

I'm a buy and hold investor with 3 rentals currently which I bought cash and about to BRRRR them. Thinking of my next purchases, ideally I'd buy rentals using financing so I can increase my ROI and acquire more properties, but there are a few things I find challenging:

As an investor I'm always buying properties that require rehab, which can't be financed, so even if I get 70% LTV on a 100k property but need to add 20k for rehab, doesn't it take the sting a bit out of the process? And if you add the fact that it's much easier to buy cash, should I always opt for cash closings and then cash out?

How are you all approaching this when thinking about building a rental portfolio?

[Cody Neumann]

@Roy Gottesdiener

To save more of your cash you could search for a hard money lender which a lot will finance the acquisition and rehab costs up to about 65% of arv and then refinance out of that loan after 6 months.