want 25% down conventional loans but sellers want cash..... help!
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.