Buying house with cash vs using loan (here me out)

[Nick Cooper]

So I’m currently in the market to purchase my first rental property, and I’ve been brainstorming for good ideas and I remember Dave Ramsey saying that he buys all his properties with cash which allows him to offer way less than market value and people are more willing to accept because the closing is so much quicker and easier.

So if I could borrow the cash from my parents to purchase out right then turn around and refinance after the deal is closed then give them the money back would that be a smarter option than obtaining the loan before I make the deal?