Clarifying Question--"Cash Buyer"

[Adam Lewis]

Hey BP! Quick clarifying question for a new investor coming closer to making the leap into marketing to find deals (postcards, yellow letters, etc). When you find an off market deal and say you will buy the house for cash, you are obviously a "cash buyer".

My question is, as a "cash buyer", is that literally cash in an account? I am confused by stories of investors marketing and sending out letters to find deals to wholesale to a cash buyer and then buying the property to rent out themselves instead. Does this mean that they simply had the cash on hand? Or is it possible to still be a "cash buyer" if you took out a loan or used private money?

Thanks in advance!