Agents inquiring about hard money...

[Anthony E Russell]

Fellow BPer's,

I apologize in advance if this question has already been addressed elsewhere in the forum but I have a burning question...

What is the relevance of agents knowing whether you're financing a REO with cash or hard money?

Thanks.

[Justin S.]

Cash is taken more seriously.

Hard money is actually financing and may have an affect on whether you can close or not.

I learned this the hard way about a year ago. I submitted a cash offer and switched to hard money and the bank rejected my offer.