Whats the play when paying cash during a bidding war

[Frank Closer]

I'm looking to purchase an investment property cash. At the price point it's sure to be bid up. How would you play this. Bid low, right at ask price, or a little higher. I'm a newbie, trying to figure out does offering hard cash give you any/more negotiating leverage over conventional loan offers? 

[Christopher Brainard]

@Frank Closer

You bid at whatever price makes sense for your investment strategy, no more. Cash does give you a stronger offer than someone who is financing, some sellers understand that value, some do not. I do enjoy when a seller takes an offer conditional on financing and then I pick that property up 60 days later for less when it falls through escrow.

-Christopher