Questions about Wholesaling

[Ryan Johnston]

For those that are Wholesaling real estate, are you doing it to fund your buy and hold properties?  I see the value in it for this reason, but have questions.  

• - How are you finding deals?
• - Once you have a contract in place with the seller, what happens if you don't find an investor?
• - Are you doing a double closing?

[Jason Dougher]

I am new investor trying to better understand wholesaling.  I understand that in some states (I live in Ohio currently), you may need a real estate license to ensure you don't trip yourself up with the wholesaling rules.  However, I also know that anyone with a real estate license has to operate under a broker who takes a cut at each deal.  I'm in the process of getting licensed, but the I know the broker I'm considering doesn't even allow their agents to wholesale.  Is that a typical restriction of brokers and how does one navigate through this issue if you are licensed and want to wholesale?  Thanks for your insights