Help understanding "We pay cash" statements

[John Hannah]

My wife and I are just getting started with our rehabbing business and I've been reading and listening to everything I can get my hands on. I've come across something I don't understand and I hope someone can help set me straight.

I've seen some "We buy cash" statements on the websites and yellow letter samples of other rehabbers. I've also heard the same rehabbers talk about how they use hard or private money to finance their deals. I'm wondering if I'm misunderstanding what "We buy cash" means. 

If you're using private or hard money, you're financing, not buying cash, right? I suppose in the end the seller is getting their cash (or certified funds) so perhaps that's what is meant? 

I will be using hard money to finance my transactions initially and I want to make sure I understand the marketing terminology correctly. Any guidance will be appreciated.

[Kerry Baird]

You understand it correctly: it is "fast cash" from a private or hard money lender that is often used.  You don't have to jump through conventional lending hoops, which speeds up the process when using hard money, and many can fund very quickly, unlike a regular bank mortgage.