Confusion on Wholesaling Process

[Brennan Taberna]

Hey everyone,

I've recently started researching about wholesaling and I love the idea of it. I'm just confused about a few parts of the process that I can't seem to find the answer to on the internet. So say I went driving for dollars and I found a house, contacted the owner, they are motivated to sell and we agree upon a price of $100,000. We then fill out the P&S Agreement, but then what? When does the third party come in to play? (title company or attorney) When I find a buyer to assign the contract to and my desirable profit is $10k, on the assignment contract do I put $10k fee or $110k? When I find a seller and we fill out the assignment contract, then what? Also, do I write a check for the earnest money usually? Or can I use a credit card or cash? Sorry if it's kind of confusing, but I feel like these questions are what is holding me back. I also have few other questions that could also help me.

1. Do attorneys have P&S Agreements and Assignment contracts?

2. If not, where can I find them? (In Tacoma, Washington)

Thank you for your time

Brennan