Dumb wholesaling question

[Brian Kantor]

Hi, everyone! Happy Monday. Allow me to pre-apologize for the "dumb" question, but I think the context makes some sense.

I am traditionally a buy-and-hold investor following the BRRRR method of investing and am used to buying distressed properties to renovate and hold onto.

With that said, I recently came across an off-market property via a chance encounter with the owner that is a great one, but for a few reasons may not be my ideal investment. With that in mind, I'm looking to take a cue from those interviewed on the BP Real Estate podcast who are far more experienced than I, and use this as an opportunity to "leverage another exit strategy."

Along those lines, if I wanted to wholesale this property to another investor, how would that process work? Do I take ownership of the property and then "flip it" to the end-buyer? Or do I simply pass the title over at close to the end-buyer at closing? If I don't ever take possession (or just dont take possession until an end-buyer is confirmed), how do I structure the agreement with both the seller and end-buyer to ensure that no one backs out at the last minute? I am not a licensed realtor, but I do work with one, and would love to know how he needs to fit into this process to ensure that I am complying with the law.

Ultimate question is, do any of you have a good step-by-step process you follow when wholesaling a property?

I should note that I do have a decent network of other investors in my circle who could be interested in being the end-buyer.

Many thanks, and Happy Holidays!

-Brian