Trying to lock in my first deal, what are the next steps?

[Colby Keith]

Hey everyone, my name is Colby and I’m generally new to wholesaling. I’ve had the vision for a while now, but I’m finally confident enough in order to pursue it. I have a property that would be a great first deal, but I’m a little nervous about signing my name on the dotted line, since this is my first ever deal. I just want to make sure I have to right steps in place so I don’t get stuck buying a house with money I don’t have. 

1. Get the property under a P&S along with an Assignment Contract

2. Assess the reno costs, problems and fixes the property needs

3. Find an end buyer for the property

4. Find an investor friendly title company and assign the contract to the end buyer

5. Pick up the check

Does this look right? 

If I need more steps, PLEASE help me out. I really just need to learn the process and offers are being accepted this Tuesday. Would really like to get my first deal knocked out with the help from a great community. Thank you guys so much