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All Forum Posts by: Nate Ruehle

Nate Ruehle has started 1 posts and replied 4 times.

Post: Off Market Deals-Financing Question

Nate RuehlePosted
  • Sioux City, IA
  • Posts 4
  • Votes 2

@Marco Bario thank you so much for the reply. I didn’t think of hard money for use in an off-market deal, but that would make sense. That may be a better route to take! I appreciate the response.

Post: Off Market Deals-Financing Question

Nate RuehlePosted
  • Sioux City, IA
  • Posts 4
  • Votes 2

@Joshua Janus appreciate your response. My goal is to provide all cash offers, just not there yet. Thanks again!

Post: Off Market Deals-Financing Question

Nate RuehlePosted
  • Sioux City, IA
  • Posts 4
  • Votes 2

Hi all. I bought a duplex last year, and looking to scale to a 4-plex, or 4 doors, in 2022. 

I am very interested in direct mail marketing to find off-market deals. Everything that I have read stresses that the buyer should have the ability to make an all cash offer. Is this a hard-and-fast rule when it comes to off-market deals? I am preapproved through several banks and have the funds for a down payment. 

I understand the ease of a sale with all-cash, since you can close immediately, no hassle in waiting for underwriting, etc. But I'm curious what others think in terms of using bank financing for off market deals. 

Thanks all! Truly appreciate all who post and comment for their advice and expertise. 

Hi Bud! Glad you posted this, it is great to see everyone’s aspirations for next year!

I am new to real estate investing, but I will be purchasing my first rental property with my wife this year. I have been reading books, reading posts on the BP forums, and analyzing deals daily. Looking to invest in a 3/2 locally and expand from there.

Wishing you the best of luck with your goals for 2021 as well!

Take care