Start with Motivated Sellers and end with Collect your Cash

  Locate  Motivated Sellers

Through Craigslist real estate listing sites and real estate agents. The seller you target should have properties like   duplexes, a multi-family property, and a single family houses to sell.
Once you call sellers over the phone, ask why he  or she has the desire to sell.  Most of the time the seller has non-performing assets which is a  (property sitting vacant with deferred maintenance).
If the seller has a  multi-family property it is usually under managed and that can be a headache, meaning not enough money coming in because the units are vacant. It is possible that the property also had also plenty of deferred maintenance, which is why the units were not rented.

  Control Real Estate without Ownership

Start negotiating on the 32-unit apartment complex.  Offer no less then $545,000.  After a lot of back In the  discussions, try to settle on a price of $500,000. You are now ready to sign  an option contract that would allow you to control the real estate, gain equity, and allow you to wholesale the apartment complex. Collect a  consideration deposit to ratify the contract was $50, and then arrange to gain access to the vacant apartments using a lock box.

Next:  Find your Buyer

Packaged the property with photos and the most important  information on comps, repairs, and taxes. next began to market the opportunity to your buyers list.   You either decided to sell the apartment complex for $575,000, which would allow you to enjoy a $75,000 gross profit.
If you market the property correctly in a few days, you should have two buyers who should want to see the apartment complex.  Set a meeting with  them both. Have your pen ready and  then sign the   contract with him to sell him the apartment complex for full price of $575,000, “as is” and without contingencies.

   Collect your cash

Take your option contract with your  motivated seller  and your sales contract with your buyer  and open  escrow at my local title company.  The transaction:
Buying the apartment complex from for:  $500,000
Selling the apartment complex to for : $575,000
 Instructed your title company to do this transaction as a “simultaneous closing.”  As a simultaneous closing, you would not be required to bring any of my own funds to closing. The funds from my buyer John would be used for the entire transaction, and you can walk away from closing with the difference between my buy contract and my sell contract which totaled approximately $72,000.
This is a wholesale deal case study with a lot of teaching points, including finding motivated sellers, controlling real estate, building your buyers list, and structuring simultaneous closings that allow you to profit without cash or credit to invest.
This is a great market to build a real estate wholesaling business. Real Estate investors can always  structure deals directly with motivated sellers.