Updated about 5 years ago on . Most recent reply
How to compete with cash offers?
Hello everyone, my name is Robert, age 25, and I'm a new investor here. I am not new to the real estate business as family is in the business. However I am attempting to purchase my first single family home with a conventional 20% down in Chicago-land suburbs in order to fix up while living there for a year or two, with the intent of renting out later. I have already lost multiple properties due to cash offers with today's "loss" upsetting as I offered 16k above ask, not trying to shell out too much initially on a property that needs a lot of work. Bottom line my question is, how can I as a well qualified individual for a loan offer compete with investors and flippers that offer cash. It is starting to become very frustrating.
Thanks!