Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

4
Posts
1
Votes
Alex Valdez
  • Staten Island, NY
1
Votes |
4
Posts

Help: Buying possible first home with cash only

Alex Valdez
  • Staten Island, NY
Posted
So the opportunity to buy a house in my area has come to me from a friend who's a realtor. The house is a 2 family home that is being sold for $140k cash only and the after repair value is close to $450k. The house is a foreclosure and the tenant is still living inside so the buyer has to do the whole eviction process. Because it is tenant occupied, the house cannot be inspected properly neither only from the outside. I told my dad about the deal and he is willing to buy the house. The only problem is that he has the cash but it is "mattress money" that he's kept accumulating in his safe for years and is basically hide life savings. We can't show up to the table with a bag full of cash so How can we purchase this home? Anyway around this??

Loading replies...