Advice for cash buyer, approved for HM

[Randall K Compton]

Hey all,

We just found out that we won a bid on a duplex as a cash offer for 140. We had hard money lined up for it but didn’t realize it’s technically not a cash offer (fail fast and fail foreword, right?). So we are looking for alternative options to secure the property. Alter our offer, find a private investor, etc.

Some quick details

Our Bid is 140

Tax appraisal is 225

ARV 280

liberal rehab would be 40

as a duplex after rehab estimate 3k gross, after utilities and taxes, 2250

Thanks in advance!