Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Robert Dziemian
0
Votes |
4
Posts

How to compete with cash offers?

Robert Dziemian
Posted

Hello everyone, my name is Robert, age 25, and I'm a new investor here. I am not new to the real estate business as family is in the business. However I am attempting to purchase my first single family home with a conventional 20% down in Chicago-land suburbs in order to fix up while living there for a year or two, with the intent of renting out later. I have already lost multiple properties due to cash offers with today's "loss" upsetting as I offered 16k above ask, not trying to shell out too much initially on a property that needs a lot of work. Bottom line my question is, how can I as a well qualified individual for a loan offer compete with investors and flippers that offer cash. It is starting to become very frustrating. 
Thanks! 

Loading replies...