Losing out to blind cash offers

[Rebecca Lebowitz]

A new 2-family unit was listed yesterday afternoon-on Memorial Day-I called this morning to set up a showing for one of my investors. The listing agent called me back to inform me that the property had an all-cash blind offer with no property inspection already accepted (she should not have disclosed all that to me, but she did) in less than 18 hours from listing!

The property was a [potentially-since I never got to see it] a good deal, but nothing that hot, is my educated guess (two 1-bedroom units, but nice suburban neighborhood). This is the third time I've potentially "lost out" to blind-all cash-no inspection offers.

Does anyone have any experience with this "strategy"? Thanks in advance :)