Financing a four-plex

[Ernest Ho]

I am looking at a 4 plex where current rent is below market, and some rehab is needed. Would it be better to pay cash for it (assuming I have the ability), take care of the rehab and rent increase, before getting it financed? In doing so, perhaps the valuation can be higher, and I can get a bigger loan, as opposed to financing it at purchase? Does the bank look at comps as well as NOI for 4 plex? Thanks.