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Updated over 10 years ago on . Most recent reply

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Myles Coles
  • Los Angeles, CA
6
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59
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Quick question

Myles Coles
  • Los Angeles, CA
Posted

Hello fellow BPers quick question. If i was getting hard money, would that qualify as an all cash offer or would that be financed.

Most Popular Reply

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828
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Jennifer Lee
  • Real Estate Broker
  • Gibsonia, PA
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Jennifer Lee
  • Real Estate Broker
  • Gibsonia, PA
Replied

it depends, 

If you are getting the cash in full before your purchase or closing without a contingency then cash.

Ex. full amount to purchase is deposited into your/LLC account. Prior to offer. Or if u know it will be for certain before closing.

Or

If you may or may not get it, then financing contingency.

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