(Thinking of) Wholesaling First Property

[Tammie Alexander]

Hi, everyone! I am looking at a property that I would like to wholesale. I have been reading, looking at YouTube and researching on the internet. The property is listed for $20,000 and it is through a real estate company. What exactly am I suppose to do. 

From everything that I have been reading and studying, this where my mind is: I contact the agent to inquire about the property for details and what they would like for the property. Then I ask to do a walk-thru. After my walk-thru, I ask if that is the best price they will accept. Once they say "yes" or "no" then I try to negotiate. If we come to an agreement on the price, then I get them under contract. Once the contract is in place, I find a buyer. Once I locate a buyer, I then give my price, we then negotiate a price. Then I get the money from the buyer to pay the seller and then take out my fee. (I will also be including a real estate attorney and title company in the process). 

Am I on the right path? Any help and/or suggestions would be greatly appreciated. Thanks!