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Updated almost 9 years ago on . Most recent reply

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452
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Michael Dunn
  • Olive Branch, MS
10
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452
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Driving-For-Dollars ..... What if I CAN'T do a Cash Offer ??

Michael Dunn
  • Olive Branch, MS
Posted

Good Morning,

I am getting ready to super-impose a Picture of the Properties I am interested in on an Envelope , but I am wondering how to best go about Writing my Letter of Interest to the Owner/Absentee Owner If.......  I can NOT do an All-Cash Offer/Deal ? 

I am going to have to use a Portfolio Lender ( which I am in the Process of getting Pre-Approved through 2 of them right now ), but I am having to use financing for the actual purchase of the Property .  I am using my own Cash for the 20% Down Payment, as well as paying for all of the Repair work ( Labor and materials )

In my Letter, should I just state that I am " Pre-Approved _ through an Investment Lender, and I have the Funds/Go Ahead to purchase a Property ?

I want t make sure that I word it correctly to the Owner of the Property , that I can Purchase their Property ( Tomorrow ) , and that my Offer is just as Strong ( Good ) as an All Cash offer 

Thanks so much for the help and advice 

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