New to the fun - Tampa, FL investment newbie funding question

[Susana Walls]

Hi everyone,

I am a new investor looking to find my first rental property (a duplex or triplex) in the Bay Area and I am beyond happy to finally be at this point in life where I can do this.

While I do have the money to buy a property within my budget in cash, is it wise to tie up all the funds in that manner? I heard something about financing AFTER the cash purchase is made and this getting me the property I want and getting the money back to work on more deals.  Is this what is usually done? 

Any guidance is appreciated.

Susana