Bidding war on houses

[BPTactical]

I know 2 people who were looking at purchasing via conventional financing. Both were beat out of houses by cash deals substantially over the asking price.
Pot money.
People in the dope industry can't put their cash in banks, the Fed wont let them. Invest it in real estate, let it sit 2 years then sell and you now have legal cash.
Money laundering 101.

[Gman]

I know 2 people who were looking at purchasing via conventional financing. Both were beat out of houses by cash deals substantially over the asking price.
Pot money.
People in the dope industry can't put their cash in banks, the Fed wont let them. Invest it in real estate, let it sit 2 years then sell and you now have legal cash.
Money laundering 101.

^^^THIS! "Rent money" is also much easier to get into the bank.