Got my first contract

[Natalie Wade]

I have my first property under contract. The contract amount is for 200k for a fixer in my area. Now that I have it I am sooo nervous as to what to do next. All the info I have read is exploding in my head. I want to wholesale the property. Or is assigning the contract the same thing?

I can find a buyer that will pay $205k-$210k or a bit lower but I will assist in fixing up the property. (and make money from that end).

Do I have the end buyer sign a new Purchase agreement for the above amount of $205k and make my 5k that way when the sale goes through, or simply have him pay me 5k for the assignment fee?

Seems like im missing something here. Can anyone make this simple for me?

Thanks