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Updated almost 4 years ago on . Most recent reply

User Stats

25
Posts
14
Votes
Anna Neal
  • New to Real Estate
  • Parrish, FL
14
Votes |
25
Posts

Seller Wants Cash Only Sale - What should I be asking?

Anna Neal
  • New to Real Estate
  • Parrish, FL
Posted

Hey BP Crew,

I have found a single-family home for sale and after running a few different analysis on the rental property calculator, the numbers are right in range for what I am looking for.

Although, the seller wants CASH ONLY OFFERS. ( I guess the last buyer could not get a loan approved within contract timeframe.) 

Here are a few of my dilemmas: 

1. I have never done a cash only deal. Any ideas on how to persuade the seller to allow me to do a loan or other options?

2. I currently do not have the full amount for cash only deal ($100,000). Any suggestions on proposing to a private lender/friend to invest into this deal, showing them ROI, what they would get, how often would I pay them back?

3. Any suggestions on Insurance companies for investment properties?

I am open to all suggestions and help!!


Thank you!!!

Most Popular Reply

User Stats

5,091
Posts
4,067
Votes
Nicholas L.
#2 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
4,067
Votes |
5,091
Posts
Nicholas L.
#2 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Anna Neal are you working with an agent?

  • Nicholas L.
  • Loading replies...