Up against all cash offers

[Raquel Zanoni]

Hi BP Community,

I am new to real estate investing and looking to buy a multifamily in the next 1-3 months. For some background, the market that I am in is experiencing an inventory shortage and multifamily properties are moving quickly. That said, today I made an offer on a place within 5 hours of it being on the market. My offer was above ask with $5K in earnest money. The agent said it was a really strong offer but at the end of the day the owners decided to go with an all cash offer instead. 

My question is, is there anything I can do to make my offer stand out against an all cash offer or is this potentially a losing battle in a seller's market?

Thanks in advance

Raquel