Seller Asking for Cash on Property Agent Says Inspection May Fail

[Joel O.]

Hey guys, i have a question i would like for you all to help me with.

There is a MFU property that I am interested in and would like to make an offer on. My agent says that the seller is requesting cash offers only and she suspects cash only due to the fact that the property may fail inspections.

What can I do in order to get this property? BTW property has been on market for 135 days.

Please do not say move on to the next property, I fully understand if none of the other options you guys give me works I would definitely just move on.

[Aaron K.]

If it is a cash sale an inspection cannot really "fail" it may just be bad news.  Now your lender may not approve the condition of the property and the solution to that is find a new lender; whether traditional hard money, or private.  Ideally after fixing the property and waiting 6 months you should be able to refinance into traditional financing if you had to use an alternate form of financing.