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Updated over 11 years ago,
Would you write "cash" or "financed"?
I have the cash to purchase most of the properties that I want to make offers on and I also have a preapproval letter from a reputable known HML that says that I have more than enough cash for their required down payment and that they can close in 10 days. I want to use hard money to finance the majority of these deals but I know that cash offers hold more weight.
So would you structure your offer as cash and provide proof of funds for the purchase price but then ultimately use hard money or would you be more up front and show proof of funds and the letter from the HML and structure your offer as financed?
Thanks for any replies.