Is it any more difficult to take out a loan after buying cash?

[Benjamin Cowles]

I want to buy cash first to simplify and expedite a purchase then take out a loan if need be for rehab(depending on final agreed price & rehab). The idea doesn't sound like it would be anything different from a lender's perspective but I've not read about people doing this other than the standard refinance which is normally done with conventional lenders, so maybe with hard/private it could be different(?). I don't see why not, but you tell me. It seems to me in expediting the purchase, also you'd give yourself an advantage over other offers that might need a few days for appraisals and what not.

[Cody Campbell]

Buying in cash does expedite things, I have purchased several properties with cash, no home inspection (you need some clue at what your looking at and what the property needs), no appraisal (only the banks require appraisals), and closing  within 10 days. 

This can motivate the seller to sell quick and at a lower price. 

The moment I closed on the property I turned to a local bank and told them I want to Refi the property, on paper you own the property outright. The bank orders an appraisal (you are hoping it appraises for higher than you bought so you can pull your money back out and then some to rehab) and you can instantly refi or you can negotiate a construction loan (interest only) for the property and they will appraise the property as you have already done the upgrades/rehab to it. 

I love this method and has worked for me here in Kentucky and Tennessee.

Feel free to contact me for more info.