How do you wholesale?

[Tim Woosley]

This might seem like a ridiculous question but I’m trying to wrap my head around how wholesaling works.

I know you have to find a property and there are several ways of finding properties. I understand that.

Let’s say I find a property and want to wholesale it.

What prevents someone from just making the deal without you and not paying you your wholesale fee?

Can someone unpack the process of an example of a wholesale deal?