Going from No Cash to Cash

[Daniel J.]

I was evaluating a deal and they ended up switching to needing an all cash deal because the owner died and there are no financials for it, so banks will not finance it. I did contact my mortgage broker to see if there is an option through them, I am waiting to hear back. The purchase price is 399k.

I am working with a partner and we have access to 150k, but not 400k. Due to it being my pre first deal and not having a huge network yet, I don’t have other investors lined up. It could be a really fantastic deal.

Am I out of luck as it were or I am missing a place I could get the cash?

Thanks!

Daniel