Buying with cash vs a loan

[Audric Crouch]

My business partner and I are about to make an offer on a duplex. We have been pre-approved for a loan, but are also considering paying cash for the property. What are the advantages and disadvantages to paying cash and refinancing after we close on the property versus acquiring the loan up front? In order to obtain the cash needed we would each open a HELOC on our primary residence and then pay those off after refinancing.