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Updated over 6 years ago on . Most recent reply

Jerry Brecko's profile image
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Jerry Brecko
  • from Pennington, New Jersey
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Jerry Brecko's profile image
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Jerry Brecko
  • from Pennington, New Jersey
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Jerry Brecko
  • Pennington, NJ
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Buying & Selling Real Estate

How to make my Hard Money offer as strong as a cash offer??

Jerry Brecko
  • Pennington, NJ
Posted

I keep getting turned down by sellers because Im using a hard money lender and they want cash buyers.  Any tips to convince seller my offer is as strong?

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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You won't, with an informed seller, since it is Not the same as cash.....it's still financing subject to the HML's approval. If you want to make it comparable, you'd need to offer a large EM, and not contingent on financing.

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