General Wholesaling Nuts & Bolts Type Question

[Brett Baghdoyan]

Hello all - 

First time poster, long time listener here!  I've been scratching my head around what is seemingly a very simple aspect of wholesaling, but I just can't seem to mentally um this hurdle.

Pertinent background info: I won't qualify for $600,000 worth of financing in a conventional manner and do not have an investor or pool of investors that will provide me with the "financial backbone" to really make meaningful offers to purchase at or above the aforementioned sales price.  I DO however have an associate that I know would be an interested buyer in the subject property at the right price, a price of around $625,000 to $650,000. (Wholesale margin for the win!)  Slam dunk?!

So my question is simple; how do I get my seller to agree to sell me the subject property for $600,000 without real "proof" that I can actually buy the property without telling him I have an interested party looking to purchase the property and actually cutting myself completely out of the deal accidentally.  Thus, in the process having my wholesale margin go directly to the seller and me not seeing a dime?

Thoughts?

I'm open to all feedback, but please keep it constructive - relative newbie here!

Thanks!