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Updated almost 4 years ago,
Seller Wants Cash Only Sale - What should I be asking?
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!!!