If you can pay cash you can negotiate from a stronger posture.
Whether its buying from the Government (HUD), a bank REO, or even a private party seller using a Hard Money lender to make the loan secured by the property you are acquiring is a good way to go.
Yes the cost of the funds can be very “off market” however consider the financing short term bridge financing and also the cost of doing business to acquire a great deal.
The HUD and REO homes are more suitable for my area given that the lowest single family home is going for $180,000. If I can get a HUD or REO, add a little to fix it up, I can have a good deal. Now, is there any way to purchase one of these creatively or no money down? I thought maybe my only option would be a hard money lender. Advice please…