how to purchase "cash"

[Dan Gongora]

Good morning BP community, I'm currently investing in 2-4 unit properties but I'm quickly realizing that in order to be competitive in my market I have to be able to offer cash. My current strategy is house hacking with FHA. I was able to get my first property this way and closing soon on my second property with the house hacking strategy. However after listening to podcast 221 I realized I need to begin offering cash but I'm not sure how. I don't have an LLC yet, I don't feel like I have enough properties to warrant one. But I'm not opposed to an LLC if this will allow me to purchase properties faster My questions are: In order to offer cash Do investors get a personal line of credit in order to offer cash for some deals? Is this a good strategy? Is this strategy used? Or in order to offer cash do investors use an LLC in order to get a credit line and purchase properties cash that way? Basically, can you all share how strategies of how to offer cash/buy properties cash? Thanks! Hope to hear from you soon!