If you had $100k, what would you do?

[Ann B.]

I'd like to make an offer on a property that has been listed for several months, and I know they're really ready to sell. I know there are numerous tools in the tool box, but in order to win over my competitors, I'd like to offer a cash purchase (approximately $100k) and fast close. Wouldn't I have immediate equity in the new house that I could apply for a HELOC and use for the next purchase? I'm interested in hearing opinions and other ideas too. Thanks.

[Tanner Marsey]

@Ann B.

If it’s been for sale for a while now I doubt you need to worry about getting an edge on your competition. Make a reasonable offer that fits into your plan. If they take it.... great. If they want to negotiate.... great. Either way, make an offer and get the conversation started.