Asians are doing it in our area. All cash.
Of course they are, that's why there are so many of them.
I personally know 3-4 people who buy houses with cash, they are in the property rental business, however, they will make 20-30 offers and hope to get ONE accepted. They will offer only 40-60% of market price in hopes that someone is in financial trouble and needs to sell. They will put some amount of money into the property fixing things, rent it for a 2-3 years and wait for long term capital gains to kick in and sell it for a profit....one of the guys routinely owns 30-50 houses at a time....
Hispanics in Tampa. Illegals house-flipping and selling to other illegals. They learn fast. And have all that cash from Uncle Sugar. Real estate brokers now display shingles with weird face pics and names that are un-pronounceable. Also Muslims. Eastern Europeans. We’ve got them all down here.
Same in Queens where my friend’s mom has lived for 60+ years. All Chinese asking to buy and pay double the value with cash.
“Asians are doing it in our area. All cash.”
just to clarify, via pretending to be white american couples over us mail?