Can I wholesale to a conventional loan buyer?

[Sam Williams]

My first solo wholesale property is an ok deal.It’s a 4 bed / 2 bath house in great shape in Largo, FL so the market is pretty good.  I posted my ads and have several people ready to go look at it this week.  The real estate agents (2) told me that the buyers are pre-approved and can close right away.

My problem is that somebody else told me that this won’t work because conventional lenders won’t do a double close or assignment and that I have to have owned the property for at least 6 months.

I’m not sure if I should call the realtors and tell them that it needs to be sold for cash or let it ride and see what happens.  Because of the price and condition of the house the buyers seem to be very motivated.  I don’t want to blow it.  What would you do?

Thanks in advance for your advice,

Sam Williams

[email protected]

727-537-6150