How Do I Build Equity Wholesaling Properties

[Eric Caputo]

Hello All!

I just started my real estate investing journey, and I currently own two properties: a Condo in Rio Rancho, NM, and a Single-family house in Jacksonville, NC. The Condo I got a conventional loan with 20% down. For my single-family home, I used my VA loan and am currently house hacking.

I am running into (and I'm sure everyone does) is having capital for a down payment, rehab costs, etc. So I have been researching ways to raise capital, and the one that sounds the best is wholesaling properties that I find. I like this because it gives me all the practice I need to analyze deals, make offers, and talk to sellers. It also provides me the opportunity to build relationships with local investors. 

My question to all of you: How do I actually wholesale a property? I need the down and dirty from making the offer on an off-market property. How do I get it under contract? How do I assign the property to another investor? What do I need to do after I assign it? What do I need to do for closing? What paperwork do I need to be able to do this? Legal considerations? I need it ALL!

I know I'm asking for a lot, but any information will be greatly appreciated!

Thank you in advance,

Eric