a little confused

[Nathan Hickman]

hello I am brand new in the real estate business and am currently working on finding my first wholesale deal. I am a little confused because I had just finished listening to the audio version of how to invest in real estate with low and no money down and in the section about wholesaling, when he was covering closing options, he suggested that you have to get a loan for the amount of the home in order to assign the home over to a cash buyer? Is this true? I was thinking that if you secured the funding for the home by assigning the contract over to a cash buyer, there was no need for me to get a loan to pay for the home, just to assign it over to somebody else and get the money back. If this is the case, how do you get the amount for the home back, if the only money I am receiving is an assignment fee? maybe I just misunderstood him. sorry for the long question and hopefully I am clear on what i am confused about.