Can I assign a purchase contract that isn't a cash offer?

[Account Closed]

For example, what If I work with a seller and want to purchase the $10,000,000 property with a commercial loan, and then assign that contract to a end buyer who also wants to purchase with a commercial loan. That's a viable exit, correct? I ask this because I want to have a larger pool of buyers to assign to. If I have a large purchase price contract, only a select few would be able to put $20,000,000 down in the form of cash I'd imagine (maybe California market has a few people that would be able to pull it off?)

Usually wholesalers are talking about cash offers, I'm not looking to wholesale a fix and flip necessarily so I'm wondering If I could wholesale a turnkey apartment and get a nice assignment off efficiently working as the middleman. Anyone on here do that before or have knowledge on the topic that could share?

[Wayne Brooks]

@Account Closed More importantly, you’re just kidding yourself.  No seller of a $1M commercial property, let alone $10M, is going to sign a purchase contract with you without you being able to show proof that you have cash to close, down payment and closing costs, along with a Legit commitment letter from a commercial lender showing ability to obtain the financing.  Commercial properties are generally going to have commercial agents involved who will sniff out that you’re not a legit buyer Way before you even get to the writing a contract part, let alone getting it under contract.

Wholesaling is dependent on you finding ignorant and/or desperate sellers…not educated commercial owners or real estate agents possessing a heart beat.