Cash vs Leverage

[Sunny P.]

one of the best parts about real estate is that you get to leverage your money. Put down 20-25 % and finance the rest.  It makes sense.  You can't get this kinda leverage in the stock market though the stock market is very liquid. 

So with that in mind, i have been reading posts on BP about cash buyers.  If you're gonna pay for the property with 100% cash, then why not just do the stock market? You might be able to get 10-12% return and be very liquid. 

Why invest in real estate with no leverage? 

Thanks