Wholesale using a land trust by assigning beneficial interest?

[Manuel Angeles]

Is it possible to wholesale using a land trust?

Example:
1. Purchase a home with a land trust as the buyer
2. Assign the beneficial interest in the land trust while in escrow, in exchange for the wholesale fee

Has anyone done that?
How would you write the wholesale fee on the escrow settlement statement?

Or should I just use the "and/or assigns" clause in the buyer line?

[Tom Gimer]

Yes, that is possible... but like @Jake Wiley stated, your end buyer likely doesn't want to be the trust beneficiary and would incur transaction costs to remove the property from the trust. 

The use of trusts are more common in the context of subject-to, or with short sale or other scenarios where the lender prohibits assignments.