Will I get a better deal paying cash?

[Account Closed]

Does a one legged duck swim in a circle?  Generally the answer is yes, unless you're running around making absurd offers, hoping to find someone asleep at the wheel here in this Seller's Market.

But as a Mortgage Broker in FL, I see so many investors who unnecessarily sink a ton of their Capital into Dead Equity as a Cash Buyer.

FYI- lenders don't like Cash Out refis after closing and often won't offer as high of a LTV as offered on the purchase loans.

PLUS...and I see so many so called "experienced investors" whether buying in the 5m or 100k range, who sink all they got into a property and completely eliminate their access to the better loan terms via Asset Depletion / Assets For Income programs.

...HERE IS THE ALTERNATIVE...BEST OF BOTH

Show the seller you have the ability to pay cash with a Bank letter, and can and will pay cash if needed, but you would prefer to finance the transaction.

Most sellers, as long as there is a substantial good faith deposit and guaranty you have the ability and will pay cash if the financing falls through, will understand and allow a 30 day closing.

Usually the only people that have an issue with this is the Realtors, who want to get paid quickly, the sellers are usually reasonable about the requests.