Double Closing Question

[Kyle Bunko]

Quick question about what to do in the event of a double-closing! So, here is the hypothetical situation:

I get a property under contract with the intention of wholesaling it. As stated per the contract, I am allowed a 10-day inspection period to verify all the details and find a cash buyer. However, it doesn't go as planned and I cannot find a cash buyer in the stated 10-day window. Therefore, I am forced to close on the property myself and will have to re-list it at a later date. My question is in regards to funding the deal. Say, for example, the purchase price is $100K and I am unable to purchase the home out of pocket. 

What would be the best and quickest option to fund the deal? Hard money? Conventional loan? I would assume that the seller (at this point) would be annoyed if I then have to go try and secure funding after the 10 days has already past. Should I be talking to hard money/private lenders prior to even securing the deal? As a "backup"? Or would they be able to give me a quick enough turn around where I'd be able to secure funding in a quick period of time?

Thanks in advance for ANY advice. 

[Dustin P.]

Quote from @Account Closed:

You are wrong why would you recommend a hard money loan to a rookie with no experience a high interest short term loan?  All hard money loans are not good some are really bad loans so your advice is horrible and I don't know what market you are in but title companies make you disclosure to seller regarding trying to do a double escrow which kills the deal because you don't want the seller to know what you are doing and to make a double escrow even work you must have a super great deal because it's a double transfer tax you pay!....You sound like some rookie that does not understand the business stop giving bad advice to the BP community I know what I am talking about I am the best in the real estate Business.

" THE FLIP KING"......" THE KING OF THE FLIP"

 I didn't recommend he do anything, he's an adult he can do whatever he wants. I said that hard money lenders will give loans to rookies. If he has a buyer lined up on a B side transaction he could close it with hard money and then sell it to that buyer, if he wants. I think if you're going to make offers on properties you should always have a means to close

And in my market (Phoenix) you absolutely do not have to disclose a double or simultaneous escrow. I do 10+ of them a month, so I know this to be a fact. Some title companies MAY require it, my advice would be not to use those title companies, but it's not a state law that I'm aware of

Closing costs in Phoenix are pretty low in general, so a double close does not kill the deal

And you want to tell me to stop giving people advice when all you do is double, triple, quadruple post in here about how everyone is stupid except for you the self proclaimed "King of the Flip"?  lol