What's best next to a cash offer?

[Tyler Stephens]

I am almost done reading J Scott's The Book on Flipping Houses, and in it he mentions that you can't technically say you can make a cash offer unless you literally have the cash in your account ready to spend, and brokers will usually ask you to prove it. 

I don't quite have cash to offer, but I do have a private lender who will pay for the property in cash (either give the money to me and I pay, or write a check directly to the seller (If anyone has any advice on which way to go on this point, that would be well-received also)).

My question is, since I can't technically call that a cash offer, would it be beneficial to show some kind of promise to lend from my lender and a financial statement showing funds are available in his name? Would that help to get me better consideration than someone with more traditional financing?

[J Scott]

The reason why cash offers are so attractive is because then the seller doesn't need to worry about your financing falling through and you backing out of the deal based on that.  So, the next best thing to a cash offer (for a seller) is to get an offer that has no financing contingency (i.e., no way for you to contractually back out of the deal if you can't get the money) PLUS a decent earnest money deposit (the money the seller will keep if you back out of the deal).

This way, the seller knows that you can't easily get out of the deal based on not having the money, and if you do back out, the seller will still make some money (your EM deposit) in return for the time he was dealing with you.