5 Hacks for Buying a San Diego House For Cash, Fast, At a Discount in 2021

In this video I break down how you can buy a San Diego house for cash, fast, and for a discount.

In previous recent videos to you I broke down how I see the current mortgage markets, what I am seeing on the ground in terms of real estate trends, San Diego mortgage rates hitting all time lows, and the most recent housing stats that are updated in real time.

I want to be very clear - I call things as I see them from over 20 years doing real estate, loans, and investing, not only in San Diego, but several overseas locations as well. You might agree, disagree, or have different takes. Everyone has a different standpoint depending on different life factors.

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5 Hacks for Buying a San Diego House Fast, For Cash, Discounted

Before we get into the specific hacks - let's be on the same page for what I mean by cash as there's misconceptions. Buying a house for cash is just that - you have cash sitting in your bank accounts, you might have a truly self directed IRA that pays 100% in cash, you sell any stock, bonds, etc to raise the cash, you tap into personal or business credit cards with enough to pay cash, tapping into a lot of home equity, or anything else I have missed on these same wave lengths.

It is *not* getting a mortgage loan, it is *not* using a hard money lender (which is a hard money loan), it is *not* any kind of loan you in which you need to qualify to get.

Keep in mind - unless a seller does seller financing to you - they are always getting cash. If you get a mortgage loan - they get cash. If you use a hard money lender - they get cash. If you pay cash - they get cash. Sellers always get cash.

I get everyone paying cash wants to get a discount - here's how that can be done.

Hack #1 - Faster Escrow

Instead of the usual 30 +/- days of escrow with buyers that are getting mortgage loans - you need to use speed on your side. You need to cut that down to a max 10 day escrow. The idea is that the seller can get their money faster - and hence there's a benefit to them for seller at a (possible) discount.

Hack #2 - No Contingencies

In line with a faster escrow - it's vitally important that you do *not* have an inspection contingency, no repair requests, appraisal contingency, or any loan contingencies. Think of it from a sellers standpoint. If you still want to be able to do home inspections that might jeopardize you backing out - they might as well pass on your offer as there's no value to them.

Hack #3 - Have Cash Ready

When offers are put in - we want to make sure we are showing "proof of funds" so that the seller knows you are paying cash, you have the money ready, and will wire funds in immediately once escrow is opened.

Hack #4 - Give Them "X" Per Day Past the 10 Days

Let's assume we are going cash, close in 10 days, have no contingencies, and provide proof of funds - in the contract we will also put in that you will pay them "X" per day, everyday, for any days that go past 10 - if its the *buyers* fault. Doing this let's them know you are serious and any delays that are *your* fault they will get money for.

Hack #5 - Offer Them a Rent Back if Needed

Let's be real - 10 days is fast and if they are living in the property - might be too fast for them to move. So, what you can do is offer them a rent back at close. You could either have them pay you "X" dollars per day or week - or, you could allow them "X" days after close to stay - free.

There you have it - 5 steps to use if you want to pay cash for a San Diego home, get a discount, and keep lenders out of it.

What are your thoughts?

I would love to help you out if you are a cash buyer.

Leave me a comment below – or, contact me here

Your Cash Buying Insider, 


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