How to finance a rental, they want all cash

[Carlos Araujo]

Hi guys, I’m having a dilemma, I found what I think it’s a good property in an up and coming area of New York. Property is pretty run Dow. It probably has fines and violations to settle with the city, but I believe it’s a good deal due to the area being renovated. I want to keep it as a rental property but they want all cash AS-IS, I have been Pre-approved for a mortgage a few months back but my credit has declined due to school and a new car. I’m sure I can get still get a mortgage on it but how would I go about buying cash. I was thinking of using a hard money lender, any ideas would be helpful thank you