What is wrong with this approach?

[Tim Jones]

I'm looking for feedback on if this approach is a good idea, or a bad/unethical/shady idea.

A tri plex goes on the MLS on Friday. I walk it Saturday. Offers are due Sunday. The owner makes the decision on Monday. They had specific showing windows, so I believe the potential buyers are limited. Currently I do not have the funds, however, I'm confident that with more time I could get the cash together or find a buyer to assign the contract to. I just need to get it under contract. I also have a lender that will give me a lender letter to go along with my offer. Is it wrong to submit an offer even though at this time I cannot complete the deal, believing that I can make something happen once I'm under contract? Part of me feels like it's shady, the other part feels like you have to get creative and make stuff happen.

[Dana Whicker]

If you can build time into the contract, and are very confident you can close by working your magic without anyone knowing any better, then ok.  

If you have a lender letter to go along with your offer and you utilize that to get an offer accepted, but you have no intention of closing it that way, then can't close, you did something shady and people will remember.  If you want to build relationships and do business with people over and over in this business, then full disclosure up front is a requirement, not an option.