​Do you need all cash when working with motivated sellers?

[Yancy M.]

Hello BP! 

I read a lot on the forums and in the podcasts one of the best ways to land good deals when working with distressed properties and motivated sellers is to present a clean all-cash offer. This financing strategy gives negotiating leverage to secure great deals for those with resources or a successful track record to access hard / private money. My question is for an individual getting started, like myself, what are ways to close the first good deal when leveraging 1st time homebuyer state incentives with a rehab + financing "203k like" Mortgage? 

My initial thoughts are hard money + delayed financing but has many pitfalls surrounding appraisal ARV to cashout + high finance charges. Or, wait for REO's set aside for first-time home buyers but as Lincoln is quoted, "Great things do come to those who wait but only what's left over by those who hustle." I'm looking to put in the marketing to bring in the deal.

My 1st property strategy is owner occupied BRRRR in the Seacoast of New Hampshire.

Thanks in advance