Transition from wholesaler to rehabber question

[Jacob A.]

I'm looking at buying my first property from a wholesale and had a quick question for all the pros on BP. What kind of transition time am I looking at if I buy from a wholesaler? Have they already closed on the house and is it theirs? I've heard they sell the actual contract in most cases so I'm assuming you incur whatever closing period that they agreed to? Is it as easy as paying them cash and they sign the property over to you in the same day? Sorry I know this is a probably a pretty basic question but I can't seem to find a direct answer anywhere. Thanks ahead of time.