deal with intent to whole sale, found funding instead

[Ray Minjarez]

Starting out with very little money, lets say I was to find a deal and put it under contract with intent to whole sale. I then found an investor interested in buying the contract. But then a buddy calls me who is willing to fund the deal. Could I let my buddy fund it and hold that property?

[Andrew Michael]

Yes, this is what the seller is expecting anyway.  Unless you are very clear and upfront with the seller that you will be wholesaling their property they are likely expecting you to be the end buyer.  So essentially you are just following through with the original purchase contract and eliminating the assignability option.