Do wholesalers only take "cash" buyers?

[Dave G.]

Do wholesalers only take "cash" buyers, or would do they work with buyers who have a down payment + private lender/hard lender willing to fund the deal? I'm looking to find a deal that i can BRRRR for my first property in central/southern, NH. I assume there's no way to use a traditional lender to buy a deal from a wholesaler?

[Jonathan Greene]

I think you are leaving out an important aspect, the original seller. Just because the wholesaler has a contract and intends to assign it does not divest all decision-making away from the original seller who is waiting on the wholesaler. Due to time constraints in the wholesaler's contract, it can offer be hard to sell to a third party with a mortgage because part of the push to get the deal from wholesaler to seller is speed. A seller who agrees to sell for cash does not want to wait for appraisal and underwriting and that also means more people through the house. It can happen, but it's not a great scenario. Hard money or private money can work as long as the appraisal needed is limited and the close date quick.