All cash offer questions

[Kari Morales]

I was just lost out on another property I was trying to buy. My agent told me that although my offer was higher, I was beat by an all cash offer. This has been repeatedly happening to me.

My agent told me that some people will buy a property “all cash” and then go take out a commercial loan on the property and get the cash out of it and put it on a mortgage. I am not familiar with this, is it common that buyers do this?

If so, how is it done? I am starting to get discouraged after losing out on several properties and I am wondering if I should be doing this too?