Can be found. Basically find the homes that were purchased with cash, then look at the tax roll to see if there are any mortgage liens that were recorded after the sale.
I think it does happen, but not to the degree that people claim. Additionally it is alot harder then it used to be. For at least a few now, lenders have stopped giving cash out refi’s on rental properties. This is a huge blow to that strategy because alot of the rentals were purchased with cash. So that leaves owner occupants to get 80% cash out refi’s but usually the lender will require at least 6 months seasoning.
