Beating a cash buyer.

[Ryan Proffit]

I tried to pull the trigger on an mls property this week. It was day 1 on market and I went in with a full price offer and paying closing costs. I was beat out by a full price cash offer. They could close in 2 weeks, I had my offer set to close in 30. This got me thinking, how can I set myself up to be able to beat someone like this. Besides having all the cash of course. Is a private lender or a hard money lender a feasible way to get this done? My strategy going forward is going to be hand picking properties I want to buy and sending them hand written letters. But if an MLS deal pops up, I still want to be able to have a decent shot if I can somehow make my position stronger. Thanks.

Ryan