This is a great video that I highly recommend if you would like to learn more.

Check out this video for a quick rule of thumb I use:

you would typically meet with the seller and negotiate the price then have them sign your (assignable) contract. but there are other ways to do it im sure other people will chime in on this too. check on youtube for videos on negotiating

Thanks guys.I think it went well.At some point soon I will be posting the video and slides if anyone wants to check it out.

Very similar to mine and I wish you the best of luck.Since buy & hold is your thing, definitely check out this video on the 50% rule:I use it to vet potential deals all the time!

As soon as I get the video, we will also place on YouTube.

Also look at youtube videos, this guy does great videos on the subject.

@Joel Owens I loved the video.

Here's the result: http://www.cbsnews.com/video/watch/?

I have always desired to have my own business and not to work the typical 9-5, so when I saw a video by Mark Whitten on real estate wholesaling, I was immediately bit by the real estate bug!