Cash only
investor special
handyman special
cash or hard money only
Just thinking out loud, why would a seller say cash only? I think it is because they are asking for too much money compared to what the property is worth. This means only a “greater fool” would pay what they are asking for it. They can’t accept a bank loan because a bank loan requires appraisal and it will show in the appraisal that the house is not worth nearly as much as the seller wants. Now there is nothing such as a bad property. Every real estate investment has some intrinsic value based on how much money it can bring in for rent. It can change over time which makes the math very difficult. It is a gamble to say well the going rent in this area is USD 1400 a month now but I believe I will be able to find a renter for USD 2400 if I leave this place vacant for a year. Well that is just wishful thinking.
