Real estate investor here. The buyer probably paid all cash...these sort of deals require that you pay cash, so very unlikely that they leveraged against these

Real estate investor here. The buyer probably paid all cash...these sort of deals require that you pay cash, so very unlikely that they leveraged against these properties. However, they will likely have raised capital with some other portfolio of properties as collateral. So not all of this is coming from his savings. I see others talk about how difficult it is to get a mortgage, etc. Let me just say from personal experience that it is not difficult to get a business loan (which is what this buyer will need, not a "mortgage"). Especially if he already has an established business.