Info On Wholesaling Properties

[Edward Powers]

I am 21 year old college drop out from Baton Rouge, LA and I've been researching the methods of profiting from real estate, specifically wholesaling. Can someone explain to me the detailed steps of completing the process. For example what happens if I can not find a cash buyer but I have a property under contract ? Will I have to come out of pocket ? Also can someone explain the "escrow" when doing wholesaling.