How to make my first ou of state investment

[Cesar Perini]

First post ever. Lol.

I came across some extra money so I’m going to make an investment out of state very soon.

My question is what kind of advantage do I have buying a house with an all cash offer vs bank financed?

Originally I wanted to finance multiple homes but I feel I can get a better deal by offering an all cash offer. I can always refi up to 75% after I get the home using cash and reuse the 75% on another home. Is this a good strategy to find a good deal?

I appreciate your thoughts and help.

Cesar

[Cesar Perini]

@Amy Kendall

Yes thank you so much for the advice! It looks like I’d have an advantage buying with cash if the seller is motivated to sell. If he doesn’t want to wait for the financed buyer. I guess I have to wait and see the situation of the seller when I finally find a home to buy.

Thanks again!