Obtain cash to maximize your opportunities
Sherriff Sales, auctions, foreclosure and tax sales can offer the best deals. There is less competition because 100% of the purchase must be made with cash.
However, it can take 30 days to receive the deed at these types of sales. So, at the time you need cash for the sale, the collateral to secure the loan does not exist!
Without cash in hand, you may also miss opportunities to leverage negotiations for word-of-mouth cash deals.
1-2-3 lending has a solution for you to obtain "cash in hand"! You can collateralize a property that you already own (other than your primary residence) that has equity – such as a buy-and-hold rental property.