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Updated over 17 years ago, 09/26/2007
Pay cash, then refi?
Hi, I'm looking to purchase a SFR as a rental. My last few I've always just put 20% down, but was wondering about paying cash for them. I'm looking at a 200k home. I can pay cash for it, but would then like to refi and pull the money back out. Besides buying power, and being able to close quickly/painlessly, what are other pros/cons about doing this?