How to Make a Cash Offer on a House (WITHOUT Cash)

[@boatdrinks1]

All cash offer means no loan, you have cash in your account and can provide proof. Mic drop

[@eddiemalvin]

The other advantage to an all cash offer is that you can wave inspections

[@George_Philbrook]

Another example is using a HELOC. I've made a number of cash offers waiving my financing contingency and funded the deal with my HELOC. After closing, I used the delayed financing and applied for a mortgage.

[@ValeriaUrdaneta-de2gg]

I loved this intro!! 🌮

[@thomasvarughese118]

Cash offer, with 20k EMD, wave appraisal contingencies, wave loan contingency, walk through with no concessions after inspection. 15 day close. this should warrant reducing price by 20% for a commercial multifamily (> 4 units) correct?

[@nickc3856]

No lol

[@REIwAlexY]

emd amount isnt important as % is. 20k on a 200k property? that's awesome! 20k on a 20M property? Hell no. also matters if EMD is refundable or not, such as during inspection period. residential agents generally want 1-3 sometimes as high as 5% EMD. commercial can be same or higher. also, much more common in commercial to do a smaller portion of EMD upfront and then rest after inspection. Also, your waives can be summarized as "cash, as-is offer" so no need to add all those specifics in there as IMO, just makes you seem like a novice and/or salesy. and lastly, key thing you are missing is inspection duration. but to answer your questions, you can offer whatever you want. many assets are decreasing in price or, at least, many investors are much more cautious going into deals so sellers are having to be more flexible now. Also, I myself am making WAYYY more seller finance offers to get sellers the net price they want, alongside full/high control of 1 other term. most commonly, sellers want high purchase and downpayment.

[@FablesOfFuture]

First!

[@ohentley]

Never knew you could put in a cash offer and close with financing. Blew my mind