Cheapest way to make a cash offer???

[Sarp Ka]

Hey there,

Let's say I have $1M worth of stocks including my 401k. I find a property that is worth $700k.

In theory I can make a cash offer to this property. When it comes to actual execution, I have to sell those stocks and then pay that towards the escrow. This can have huge tax implications.

Margins are an option but they are usually given at 50% of your portfolio (in this case 500k or even less after excluding 401k).

In case if anyone's wondering why I'm doing this, it's because some buyers sell it much cheaper when it's a cash offer with 15-20 days closing. After closing I will be going ahead with refi on conventional loan.

I already have cashflowing 3 properties. So I'm guessing I can get a DSCR loan; my basic googling shows that they cost around $10k to close; which seems very high for my strategy; considering I'd be holding this for 2-3 months maximum.

Getting HELOC seems another way, but I don't necessarily have that much equity that I can tap into. It's probably 300k maximum for the combination of 3 and I have to get them re-appraised. They also cost some money (like $3-4k per loan) so that's also excessive.

Is there any other way, that may be cheaper than these?