Assigning Contract After Wholesale

[Blake Morton]

I am currently trying to land a deal in a very competitive market. I am using a conventional loan and having to compete with cash buyers with every deal I find. Would I be able to have a friend offer cash on the same property, then essentially wholesale the property to me (he makes a profit selling to me and I still get the deal, win win)? If this is a a good strategy how does the reassignment of the contract to me from him work? Disclaimer, my friend actually has the cash to close. This isn't a false cash offer scenario.