Saying that "I buy houses for cash"
I've seen examples of direct mail marketing and bandit signs that say, "I BUY HOUSES FOR CASH" and "CLOSE QUICKLY." I'd like to have that ability, but I don't have a big pile of cash myself. What specifically should I do to make those true statements? Is it okay to advertise that if my only way of fulfilling that promise is to hope that I can wholesale it to someone else who does have the money sitting around? Or are there loans that I could obtain very quickly that would allow me to purchase a property for "cash?" I just don't want to advertise something if I don't have a way to follow through with it.
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@Teresa DelaMater Don't worry - the guy who put up that sign doesn't have big piles of cash either. 99% of those are people that plan on assigning the contract to someone with big piles of cash (or better yet, big piles of Other People's Money). You can start there, find a money parter, or seek out an HML that doesn't require 25%.