Hey guys, I own a 4 unit that I plan on doing a cash out refi on.

One solution I’ve seen is closing the purchase in cash, then securing the HELOC afterward, though this carries more risk.

Depending on the seller, you may sweeten the deal, by letting them know that they don't immediately need to cash out, or can partly cash out.

It's amazing how cheap it can get when you're paying physical cash and having your contractor pick it up at the warehouse.

@Vinny MuliIf you have equity built up, can you do a cash out refi?

What the investor will have is a long term appreciating asset; that will provide an increasing cash flow as rental rates increase, and steady amortization as the note is paid down.  

Cash deal with an express assignability provision?

As far as credit, you would want a score above 680 ideally to get the highest loan to value on a cash out refinance, but I would aim higher at 720+ as that comes with a significant rate drop.

:)  Is it still cash flowing after the refinance?  

I signed a cash contract in mid 2021.