Cash first or finance first?

[James De Silva]

Hi BP! Say I have a property that's 100k (including all closing costs etc). Say I could comfortably purchase this property with cash only.

I obviously don't want all my money to be tied down in this property, so I want to get this financed. But the question is, which would have a better outcome? Purchasing this property financed (20% down) or  purchasing this property with cash and then refinancing it completely with a bank very soon afterwards. 

The property in question is a duplex and already has tenants in it. I'm wondering if I finance later, would I get a higher appraisal value and hence actually recover my closing costs. 

[Joe Villeneuve]

@Account Closed 

That depends on the lender. I have a number of lenders. The range of refi % for me is somewhere between 70-80% of the ARV. Usually, it takes 6 months of seasoning before you can refi. I just picked up one thought that will do it much faster.