1. Establish a business entity: Establish yourself as an LLC or other legal business entity to purchase and sell properties. This will protect you from any potential legal liabilities. 2. Get pre-approved financing: Get pre-approved financing so you can quickly close on a deal. This will help you when making offers on properties. 3. Find the right property: Search for properties that are in need of repairs, have motivated sellers, or are being sold at a discount. 4. Analyze the deal: Analyze the deal to determine if it is a good investment. Consider factors such as the cost of repairs, market conditions, and the potential profit margin on the sale. 5. Make an offer: Make an offer to the seller that is below market value but still allows you to make a profit. 6. Negotiate and close: Negotiate with the seller to come to an agreement that is beneficial for both parties. 7. Assign the contract: Assign the contract to another buyer who will purchase the property from you. 8. Collect your profit: Collect your profit from the sale of the property.