Sellers market pay cash

[Gerardo Azpeitia]

Today's market is extremely competitive. While I am eager to use the BRRRR method, i want to start by buying a vacation rental property using some of my savings and expect a good ROI and positive cash flow every month.

I am competing with buyers paying cash for the houses. No way I can do that. Is anyone else experiencing the same?

On top of that, sellers are asking to waive the appraisal contingency. Which means more up-front cash. :(

Thoughts?

[Terrell Garren]

I've paid cash for around 23 SFHs.  Actually never found it to be much of an advantage over people that have approved loans. I did find advantage in saying I can close in 10 days and with no contingencies.