REO, double closing process?

[Pedro Oliva]

When wholesaling a non-assignable reo contract and you have to do a double closing do you have to "buy" the property to close on this from the bank? Then you "sell" the same property to your end buyer, while at the title company? My question/concern is, how does one "buy" the property in the first place in order to close, for the first part of the deal? Cant I just use the funds that would be coming my way from the end buyer in the sell portion of this deal? Or do I actually have to have cash/financing on hand in order to buy on this part of the deal during closing?