All investment in it will be lost and the government will drop it like a bag of dirt. 

Most of them are doing a second loan and keep the first because they have good rate, than they are using the money as downpayment for an investment home.

Keep investing and moving forward!

If the professional chooses to abuse this trust...is that not fraud?

I would also say that markets like Manhattan are not super representative of most markets in the US - a lot of foreign investment I'd imagine in NYC, Miami etc - I'd guess a lot of these cash purchases are more about exchanging unstable or risky foreign assets/currencies for perceived stability/safety of US top metro residential real estateI think in a lot of other markets where this isn't relevant - I think most are cash offers being "king" as not having appraisal or other contingencies that might sabotage the sale after 30 days or so and make people re-list (sellers will take less to avoid this risk and downside)

Interested in investing in real estateI have experience of 2 years which I did wholesaling My goals are to increase capital + accumulate properties.

Contact me with your buying criteria and I will partner with you to find your next investment property in Raleigh, NC. 

Market is tough now, but we want to get into real estate investing.

Tenant is not trusting the job of local mold remediation company.

@John Underwood investing early and if done right, pays well for a very long time.