steps to wholesaling with no license

[Ricky Ross]

can someone teach me how to wholesale real estate without a license?

[Marvin McTaw]

Here's a simplified version of wholesaling for you @Ricky Ross: 

• Step 1. Find cash buyers (e.g. go to foreclosure auction, look in tax records, ask agents for cash buyers via MLS transactions, do a google search for investors in your area)
• Step 2. Figure out what they want (e.g. 3 bed, 2 bath, built after 1980, light cosmetics only, less than $100,000 purchase and rehab)
• Step 3. Do marketing to find the properties (e.g. direct mail, driving for dollars, bandit signs, etc.)
• Step 4. Talk to sellers and explain the value in what you're offering. Only expect a small portion to be truly motivated e.g. 2 or 3 out of 100
• Step 5. Get the property under contract with a purchase and sale agreement (plenty of examples on here) 
• Step 6. Assign the contract to the end buyers you met in Step 1

As long as you have the signed agreement with the seller you have what's called an equitable interest in the property. This allows you to act as a principal in deal instead of as an agent. All that really means is you you're not acting on behalf of someone else. You are acting for your own benefit and not violating any laws/rules as its not against the law to sell your own property. Hope it helps!