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Updated about 4 years ago on . Most recent reply

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Anthony Carrasquillo
  • Rental Property Investor
  • Tampa, FL
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Any suggestions on how to beat out cash buyers with your offer

Anthony Carrasquillo
  • Rental Property Investor
  • Tampa, FL
Posted

I have been trying to lock up my first deal I don’t tampa, FL but I keep getting beat by cash buyers. Is there anything I can add to my contract or offer to beat out the competition? What have you offered to beat out competition?

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Jonathan Greene
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Do you have an investor one-sheet on yourself and your company or your investment business?

Are you explaining in the offers why you are using a mortgage as a vehicle? If you explain why you are using an FHA to say, househack, it comes across better, especially if you show a proof of funds as well, with your financing paperwork.

As others have said, you need to be offering substantially more than the cash to make it worth it for them to "risk" it on a loan.

Have you been pre-underwritten by your lender? If so, that's much better than a pre-approval.

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