Financing

[Johnny Santos]

Guys I have a cash buyer who has a large amount of cash. The cash is not in the bank is in his house. His concern is how can he structure a transaction by paying actual cash for the property and not having to put his money in the bank?

[JD Martin]

You will definitely see some people getting visits from the authorities if you show up to close on a property with $400k cash. None of the title companies I work with would even accept this method of buying a house - they're not going to stack hundreds in the backseat of their car and drive over to the bank. 

My prediction: this deal never happens unless they put that money into some type of institution from which they can get certified funds. 

Question: why does he not want to put his money in the bank? This usually points to something illegal.