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Updated over 7 years ago, 05/08/2017
All-cash offers are killing us
We are well qualified buyers who are continually getting beat out by all cash offers on properties in the New York City area. This past week a 1.2m offer on a property was beat out by an all cash offer below asking. We have over 2m in assets (stocks and property) but this is not easily liquidated form a tax perspective. Is there a way to leverage our assets for a short period of time to secure a property and then refi? Thanks in advance for any help.