Wholesaling to an end buyer who is using financing????

[Derek Beatty]

Wondering if someone can help me out. I have a property under contract. I found a cash buyer and did a contract with them but now they are trying to back out of the deal because they found out the property is in a flood zone. I have a new buyer interested that sent me a pre qualification letter when I requested POF. I'm now nervous because I don't know how this would work now that the new interested buyer is wanting to pay this way. Any advice ? Has anyone closed a wholesale deal with someone using financing. How does it work?