Pay cash or Finance a turn key duplex?

[Brandon Chandler]

Hi all,

I found a turnkey duplex that I will be making an offer on soon, and was wondering if it would be smarter to finance the deal conventionally or find a lender and pay cash for it. This is an off the market property the owner had no intention of selling until I approached him about it. I assume a cash offer and a quick sale would further entice him to sell it, but what would the smarter route be for a bigger return on investment?

My thoughts are to finance the property with a conventional mortgage with the minimum amount down and use leverage so I can keep my cash available for other deals that I may find. i don't believe I can add much more value to the property, so paying cash and refinancing may not have much of an advantage except for maybe enticing the seller to sell to me.

Thank you,

Brandon Chandler