Reselling a Wholesale Property After Rehab

[Michael Kennedy]

I'm interested to hear some opinions on this, as I have browsed the forum and couldn't find a specifically related past discussion. I recently purchased a property wholesale which I am rehabbing. The seller did a double close rather than assigning his contract. My purchase was one month after that sale to the wholesaler. At the time I was uninformed on wholesaling strategy, but in retrospect I am realizing that now my property records show quite a large sale price differential over the span of a month which concerns me regarding my options for the property in the future. Note also, the sale price included escrow to cover improvements noted by the seller (obviously this is not transparent from the property record alone). Has anyone else experienced purchasing and eventually reselling a wholesale property after rehabbing? I am curious as to if you were met with any heavy suspicion by buying prospects particularly as these prospects would be looking at what is now a turnkey improved property.