First time wholesaler - HELP!

[Andre An]

Hi, I'm taking the plunge in wholesaling, and just need a little help in the overall process when I actually get leads. Say I get a lead from a motivated seller. Is this the process in order?

1. Run comps on the property from a realestate agent to get the ARV.

2. Figure out the approx repair costs.

3. Using the 70% rule, determine if the numbers add up.

Now let's say the numbers add up:

4. Get the property under contract.

5. Market the contract to my buyers list.

Say a buyer wants the property. What happens at this point? Do I have to get a title company involved? How does assignment of the contract to the buyer usually work? Thank you in advance!