How does Wholesaling work??

[Tyler Kirk]

Hello everyone

I'm trying to wrap my mind around the inner workings of a wholesale deal and I was wondering if you could enlighten me. 

I understand that a wholesaler finds a deal and the puts it under contract with the intention of selling the contract to someone else for a small profit. But I'm just wondering how the process works? A few questions I have are...

Can you finance a wholesale or are they cash only deals?

When a wholesaler contacts you with a deal how long do you have to evaluate it? 

Do you put a deposit down for the wholesaler to hold it for you?

If the contract is under the wholesalers name how do you transfer it to you?

Any information you could offer would be fantastic. I want to understand more about this avenue of real estate before I even consider getting involved with it. Thank you very much for any response!