This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).

People were falling over crazy to buy anything and driving prices up.

Basically you find these distressed properties in pre foreclosure, probates, divorces, or just ugly vacant properties. then you calculate the Max allowable offer and if it makes sense you call up the property owner, get it under contract for dirt cheap, then you assign the contract to a cash investor for an assignment fee. this is the general idea obviously it gets more in depth, but its finding deals that you would buy as a fix and flip or brrrr, and instead of actually buying it you sell it to other investors.Ahh I see, thanks for clearing that up.  

Ask them why they decided to buy what they bought - it will give you all you need to know about their thought process and if they can procure a good deal for you. 

The real value is on the buy side. 

Creative financing to buy deals is another dangerous approach.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

Quote from @Jaycee Greene: @Orlando Johnson Are you still looking at buying this property?

I took quite a break from buying properties and now on the hunt again.