Found a off market property - now what? How does one wholesale?

[Ben Sherman]

If I met an owner of a non-listed property in Houston Texas that wants to sell, and the numbers look good, but I decide not to use my own money but sell the agreement to someone else (whole sale, etc), what documents would I need to have signed between the seller and I? I'm new at this so I just want to make sure I have the right forms and take the right steps. 

1. Found the owner of a property that wants to sell at a very good price

2. Have the owner sign some type of seller agreement agreeing on terms? 

3. Reach out to my network to see if someone wants to buy this agreement from me? 

4. Sign agreement with investor. 

5. Inform the owner that I will not be buying the property but that I have an investor that will buy it? 

What forms would I need to have signed by the owner of the property and the investor that is interested? How do I include my percentage or $ fee? 

If there are any recommended resources that I read then I'd of course appreciate if someone points me in that direction. 

Thanks in advance!

Ben

[Andrew Taylor]

All you need is a signed purchase & sale agreement (PSA) between you and the seller. In the "buyer" area, you put "Your Name &/or Assigns," although I think in Texas PSA's are assignable by default. That's it. Make sure you negotiate a long enough contingency period that you have time to find a buyer. I'm not sure what you need between you and your buyer, and I'm not sure what you need to mark on the contract when you sell it (if anything), but you don't have to notify the original seller of anything.