Three ways wholesalers can use HMLs to build their business

Wholesaling isn't easy. Not only do you have to find a property that works, find a motivated seller with equity, and make an agreement, but you have to find the end buyer. Sometimes, the property is occupied, which makes the transaction much more challenging. Traditionally, wholesalers assign the contract, because the wholesalers don't have the money to complete the purchase. What surprises me is how few wholesalers use hard money to purchase the property. As long as there is enough spread to make it worthwhile to incur the debt service and closing costs, why not borrow the money, take title, clean the place out, and then market on your time frame?  

Professional wholesalers should also work with HMLs as funding sources for end buyers. If the wholesaler puts a property under contract, wouldn't it be nice to present the numbers to a private  HML, determine what the HML would lend, and then let the end buyers know that the money is already lined up?

Food for thought.