As a quick overview wholesaling is taking a property that you have under contract and selling or assigning that contract to another buyer for a fee. How does this process happen? First you find a motivated seller and negotiate a sales price around 40-70 percent of the after repair value (ARV), obviously, the lower the better. You then take that agreed upon price and mark it up (depending upon how much money you want to make on the deal). You then market the property to your community’s group of real estate investors. Once you find a buyer, you simply assign the contract to them with your profit documented as an assignment fee. You then forward the contracts to your title company or closing attorney along with the buyers and sellers contact info and tell them to call you once your check is ready.

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