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Updated about 9 years ago,
I found a deal now I need cash
I am finishing up rehabbing my second house using the brrrr strategy. I should have about 60k once I cash out/refi and pay off some credit card debt. I met an agent who may have a deal for me in a hot neighborhood. I don't know the exact numbers yet because I want to have enough cash to buy the property before I speak to the owner. I imagine the property will cost me well over 60k since the neighborhood is hot. I don't have a private money lender and I would rather not borrow hard money because of the risk. Is there another option that I'm missing here? I don't want to miss out on the deal by telling the owner that she will have to wait for me to get traditional financing.