Updated over 4 years ago on . Most recent reply
Sellers market pay cash
Today's market is extremely competitive. While I am eager to use the BRRRR method, i want to start by buying a vacation rental property using some of my savings and expect a good ROI and positive cash flow every month.
I am competing with buyers paying cash for the houses. No way I can do that. Is anyone else experiencing the same?
On top of that, sellers are asking to waive the appraisal contingency. Which means more up-front cash. :(
Thoughts?
Most Popular Reply
I've paid cash for around 23 SFHs. Actually never found it to be much of an advantage over people that have approved loans. I did find advantage in saying I can close in 10 days and with no contingencies.