Kevin Manz ,
I bought a book, here on bp, called The Book on Investing in Real Estate with No or Low Money Down. Chapter 9 is dedicated to wholesaling.
The basic gist is:
1. Find motivated sellers(by campaigning: driving for dollars, buying lists, researching, and/or networking).
2. Contact the sellers(by direct mail or sending handwritten letters).
3. Negotiate with the sellers(what motivates them?) based on rule of thumb 70% of ARV - rehab costs - wholesaler fee, give or take.
4. Sign a contract with the seller stating you or an associate will buy the property for the negotiated amount within a given amount of time.
5. Present the deal to buyers.
6. Sign a contract with the buyer.
7. Close the deal(through the title company or an attorney by way of double close or assigning the contract- it depends on the laws in your area) and collect your check.
This is just the basic gist. You can use the calculators on here to present the deal to a buyer(free for 3 uses unless you upgrade to a pro account) with a breakdown of the estimates(you want to be as accurate as possible), and you can find templates for the contracts here(but your contract should be reviewed by an attorney in your area), and there are plenty of list services(a lot of people mention List Source) and direct mail services(sometimes combined with list services).
I don't have any hands on experience, but I have done quite a bit of research. With that, I would suggest you buy the book I mentioned, read blogs, listen to podcasts, search the forums for wholesaling, and reach out in your community(through here or your local REI).
I hope that helps.
