BiggerPockets

Check previous threads. Will Barnard and I closed on several. Read the previous BP threads. Yes, it is being done. Rich

You can basically do whatever you want in a cash deal. YOu can double-close or assign. It's financing that messes everything up...

Tradtional lenders (FHA, VA, and Conventional) care if the title is seasoned. Commercial and private lenders don't normally care, which is why you wholesale to cash or cash equivalent (Commercial loans,lines of credit, or hard money) buyers.

Though I don't work with it much in wholesaling, my understanding is that most conventional lenders will allow assignments if the entire assignment is paid outside of the note and the buyer still has enough cash reserves to qualify, which is not going to be feasible 99% of the time.

Double or back-to-back closings are being done frequently with Transactional Funding for short sale and REO flips. Many large title companies will not do them, but there are likely several mid-sized to smaller ones in your market that are comfortable with them. Check with your local Real Estate Investors Association for suggestions. Regarding your buyers funding, most wholesale conventional mortgage lenders will require 90 days seasoning, some longer. However, it can be hit or miss depending on the underwiter - same lender in one location says yes and in another location says no without seasoning. You can substantially improve your program successs by finding those that do not require seasoning. Your greatest liklihood is with portfolio lenders (not many left now), community banks, or credit unions. I have somewhat of a list if you would like to contact me.
To your success,