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Updated almost 4 years ago on . Most recent reply
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Cash Offer w/ Hard Money. Investor Thoughts Needed
I have been speaking with a lot of investors lately that have asked me how to articulate their offer when using hard money. Can I call it a cash offer or is doing so deceptive even if I have a proof of funds letter. I think it comes down to education and how much the seller's rep knows about hard money. It's a very competitive landscape out there and investors want to make their offer look as sweet as possible.
INVESTORS, what do you put in your offer when using hard money?
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@Matthew Jordan it is not a cash offer. HML is still financing, but you can mark OTHER and write in HARD MONEY. As long as the selling agent understands what HM is, they know it works like can't be isn't considered a cash offer. If they don't understand what it is, let your lender educate them.