Who's a Cash Buyer and who's a "Cash Buyer"

[James Danchus]

BP,

I got a quick question regarding cash buyers. 

So I was cold calling CL ads today to network with cash buyers. I got a guy on the phone, we spoke about how many properties he has, what he likes to buy ect. ect.. So I ask him how long it generally takes him to close, and he says he can get $1mil from the bank with one phone call.

My question is, is this guy a real cash buyer, as people in this business talk about them? Generally, I've thought cash buyers were people who could cut a check for you right then and there. Should I keep him on my buyers list? Has anyone done deals with buyers like this?