First step to Wholesaling

[Micquel Bernier]

I found a property for $84,900, after finding a property what is the next official step to wholesale this property?  

[Pablo Ottenwalder Jr.]

@Micquel Bernier-

So if you already know the ARV work backwards ill do an example here lets say ARV is 100k next your going to minus 30% for your investor. You are now at 70k, Now subtract repair cost, lets say another 30k. Now your at 40k, subtract 5k for the realtor once your buyer sells and also 5k for closing cost on the buy and sell. You are now at 30k. Now your job is to get this property under contract for 25k then find a buyer and be transparent as possible and assign the contract for 5k. Your buyer will be all in for 30k and you will make 5k at closing.