What is the risk involved with wholesaling?

[Evan Lipsky]

Hi, I'm a current student in college getting wanting to get started in wholesaling. I understand the general concept of how it works, but not a lot of the intricacies. Once I find a house that I want to get under contract, and then I get that house under contract, what if I can't find a buyer soon enough? What would happen if I backed out of the contract? Like I said I'm in college(and obviously don't have much funds) so I wouldn't want to end up losing a bunch of money that I don't have much of. Wondering if this is something I can get into with little to no financial risk or if I should wait until I'm out of college and have more money.