I heard that another wholesaler could assign me the deal then I could double close on it.

Had a few people wanting to buy and occupy the home but seemed turned off about my assignment fee.

There are plans available where the seller can claim your "8K" but that is only if you qualify and assign it to him.There are many other qualifications but this is the jist of it.

A wholesaler gets a property under contract then either assigns his contract for a fee or does a double close.

If he can wait, tie it up with a option contract then assign the deal to a retail buyer.

PS some of the young GURU web 2.0 guys have assigned 2 whole contracts... :)Those that can do, those that can GURU

I never mentioned that I would be assigning the deal, but I said I would be bringing in a partner who is a cash buyer to close the deal.

As long as you have the property under contract, you would assign it over to your buyer like you normally would.

Since bank contracts arn't assignable, I assume I will have to close on the deal with transactional funding.

.- Put the property under contract...this is the stage Im still a little unsure about nextSince I already have buyers lined up looking for properties in my area, do I just go ahead and fax over my contract to the title company so they can pull title right away - or wait until you know who the buyer is and youve assigned the contract.