Updated almost 10 years ago on . Most recent reply
Driving-For-Dollars ..... What if I CAN'T do a Cash Offer ??
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



