Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

34
Posts
21
Votes
Matthew Jordan
  • Investor
  • Austin, TX
21
Votes |
34
Posts

Cash Offer w/ Hard Money. Investor Thoughts Needed

Matthew Jordan
  • Investor
  • Austin, TX
Posted

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? 

Most Popular Reply

User Stats

303
Posts
131
Votes
Sean Blomquist
  • Lender
  • Blaine, MN
131
Votes |
303
Posts
Sean Blomquist
  • Lender
  • Blaine, MN
Replied

@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.

  • Sean Blomquist
  • Loading replies...