Buying my first primary home property, looking for best options

[Jack Yu]

Hi BP!

Have a potential deal and hoping to see what are my option to get the offer accepted by the seller. From the description my agent sent me, it is selling As-Is so I do not know how fast the seller wants to get pay.

-This will be my primary resident, the town I’m in has extreme high demand, 4 family unit does not come by easily. This will be positive cash flow after I rent out the 3 units out.

-Asking price $580k for a 4 family units

-ARV $690k

Option to seller:

1). Offer $580k cash offer from hard money lender (close quickly and no wait for seller)

2). Offer $590k with FHA and 203k loan (process will be longer 1-3 months to get the loan)

3). Offer $600k with seller finance for 6-12 months terms

Any comments or recommendation is greatly appreciated.

Thanks!