Wholesaling a Short Sale

[Steve Simpson]

Without going into too much detail, I have an offer on a short sale property listed on the MLS which is considerably below the properties actual value and which I am 90% certain will be accepted by the bank. I would prefer to hold onto this property but am not sure if I'll be able to do so due to financial reasons. My backup strategy is to wholesale it. My question is, should I start locating prospective buyers before my contract is approved or wait until it gets approved? I don't want to look like an amateur with potential investors if for whatever reason I can't deliver.

I suppose I could tell them that I mighthave a property for them, but is that any better?