Seller not wanting to accept FHA Offer?!

[Leo Maldonado]

Hi Everyone! 

So I have an interesting situation here. I am looking to get into my first real estate investment! However, the seller is not wanting to close on an FHA, he would prefer a cash offer. This I don't understand, and his listing is actually dropping in price every month.

Now, I REALLY want this deal. I am putting it out there, and I know I can make it work. 

I have the sellers contact information, and I would like to possibly take him for a coffee and see what his needs are. 

What would my approach be here? Also, why would an FHA closing be any different?

[Linda Weygant]

It's possible there is something wrong with the house that means a lender will not close on the deal.  Something about the house may be making it not habitable or otherwise is scaring away lenders.  Tread carefully.