How Much Do Cash Offers Matter? Just Closed A Cash Flowing 4/2 BRRRR For A Client!

[Jimmy Lieu]

So I'm a local investor and agent here in Columbus Ohio and earlier this week, I helped an awesome client close a 4 bedroom/2 bathroom single family house for $125k cash. It needs a bit of cosmetic updating - likely $15-20k. However, it should be able to cash flow $1600-1700+ per month. I think this personally was an amazing cash flowing deal which my client will be able to net a few hundred dollars per month and then get most of his cash out from the BRRRR. So happy for his success!

However, I'm very certain I was able to land this deal for my client most likely because he was a cash buyer, but if he was using conventional financing, we likely wouldn't have gotten this deal. Here in Columbus Ohio, it is a pretty competitive real estate market where any "good" deal turns into a highest and best situation with multiple cash offers.

Question for investors who buy deals using conventional financing - how much success have you been seeing and how do you structure your deal to have the most success possible? Thoughts on this?