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Updated over 7 years ago on . Most recent reply

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Nathan Stuart
  • Jacksonville, FL
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10
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want 25% down conventional loans but sellers want cash..... help!

Nathan Stuart
  • Jacksonville, FL
Posted

hey guys and gals, I am new to the site and I need some help. I have say 100k in cash. I am looking to buy and hold houses and rent them long term. All the turn key houses I am looking for are 30-55k. The sellers all want cash and do not want to wait for me to get loans. I want to spread my cash instead of it being held up in 2-3 houses. I meet all requirements for loans. 25% down, money in the bank, stellar credit etc etc. Is there any ways to be pre-approved for the cash deals like this? I am new to the REI game. Looking for any and all help. I want to acquire my 12 this year. Thank you in advance for your time and help. I am looking to learn alot from the site and maybe even be asset to others down the road.

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17,541
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,326
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17,541
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Buy in cash then do a cash out refinance

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District Invest Group
5.0 stars
44 Reviews

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