Wholesaling Contracts

[Marlow Martinez]

Can someone express to us how the initial contract is structured? Do you HAVE to state "assignees" on the contract?

Example:
we have a hard money lender allowing us to purchase properties at 60% ltv

How does the end investor take over the contract? Does he use our hard money lender to close? Or does he get his own financing and close right behind us? Our concern is actually closing on the property, we want to sell the contract before closing. Wholesaling 101 is what we're looking for here!
thanks
marlow