Delayed Financing vs Cash-out Refi

[Jessica Wainscott]

My husband and I just purchased our first SFH investment property and are planning to use it as a short term rental. We paid cash and are planning to get our money back out by financing it in order to purchase additional properties. I have been reading more about delayed financing as an option vs a cash-out refi. It looks like the cash out refi route will take much longer bc of a 6 month waiting time required.

Does anyone have experience with delayed financing after a cash purchase?  Thanks!