Aaron Phillips it is most certainly not the end of the world. I am in NC I just recently closed on my first wholesale deal, the thing to do in the beginning is make your options known to the seller, that's right you have options. When I speak to a seller about a property I let them know my options and those options are: I could buy and hold it, fix and flip it, or assign it to another investor and I make sure they understand what assignment means. I then arrange to have a lock box placed on the property in the event that one of these "would be" investors would like to look at it. A lot of times the sellers are motivated and could care less what you do with the property as long as they get what they agree to sell it for. Using the right language in the beginning is key. Even if you can't buy and hold or fix and flip, at least you speak about your intent when it comes to assigning. As an exit strategy to your situation consider looking into transactional funding. If you have an end buyer in place you could possibly do and double close and just pay back the transactional funding loan.
