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Updated almost 2 years ago on . Most recent reply

Cash at closing
I am looking at a 48-unit deal and spoke to the broker today. I asked him other than price, what motivates the seller the most? He said cash at closing.
Can someone clarify what this means? If I get a conventional loan to buy this (60% LTV) is that different than cash at closing?
Most Popular Reply

Steve Vaughan
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
- 16,119
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The seller is motivated by money. Big surprise, right? The broker gave you no information. Big surprise again.
Try not to get discouraged about this thread. You'll see the same poster's on BP just saying how many deals they supposedly do or whatever but it's not everyone.