Cash only deal myths?

[Jason Holmquist]

Hey everyone, so as I'm trying to get into my first flip I'm finding the best deals as "cash only." So before asking here where I knew I'd probably get the best answers I went to google first. I'm finding (most notably trulia) that the main reason for a home to be sold cash only is because a bank won't finance it mainly for 1 of 2 reason. One, there is something wrong with the property that would take so much to repair that it's not a good investment for them. Or, their is some type of litigation going on with the home it's self or the HOA. I'm not saying there is anything wrong with trulia, but maybe the people on that forum are not in the flipping business. Are these reasons actually the main reason someone only wants a cash buyer, or does a cash buyer just make that transition much easier and faster?