Wrapping my head around Wholesaling

[Danni Catambay]

In trying to make sure I know everything about my options, I've been trying to figure out what wholesaling is all about. I get the basic premise: buy a dirt cheap house and then sell it for less than dirt cheap to someone else so quickly that you are never the legal owner and you get your cash investment and return almost immediately. Lather rinse repeat...

But how exactly does this work? Where do wholesalers find these amazing deals that are so cheap that they can sell them to other investors who would still find them profitable? And how does one go about analyzing a wholesale deal?

and for me, perhaps most importantly, how do you find a wholesaler and convince them to work with you as a buyer?

I've done quite a bit of keyword searching here on bigger pockets and these basic questions remain elusive. Any wholesalers around here who could shed some light on this process for me? Opinions on what kinds of buyers you look for when you're closing a wholesale deal?