Help on a Wholesaling Breakdown

[Ethan Jackson]

I am interested in Wholesaling and I am trying to figure out the process to make sure I have a better understanding. I'm unsure of how to close for real. I'm sure real life experience will be the best teacher, but I don't think I'm in the right position nor have the resources to start today (I could be wrong, but that is why I'm asking for help). Either way this is what I have gathered:

-Look up houses, Pick one that is in my price range and looks suitable for me.

-Go to site and see the property and see what repairs, if any, are needed and how much it will cost to repair.

-Go and analyze the property (plan to use the wholesale calculator provided by Bigger Pockets)

-Start looking for possible interest in the property (get a feel for if someone would be interested, but not necessarily give away the property)

-Get the owner under contract

-Get buyer.

I am unsure the next steps from there. how to actually close the deal and what that requires. 

And if all this is wrong, please let me know. I want to do this the correct way!