Timeline of flip purchase?

[Andre Watts]

Good afternoon BP,

I am looking for my first deal to flip and I was hoping to get some clarity around the early stages. 

If you’re acquiring a property from a wholesaler, do you typically have a contractor ready to go with you when you see the property the first time to do a scope of work and verify rehab estimates? I know there is a limited window of time because the wholesaler has a set amount of days to back out of contract if they don’t find a buyer, so I know there is a need for speed. 

Is this the typical first step or so you go in and eyeball the repairs with a small scope of work to ourself and bring in a contractor after you sign to get more specific? 

Would appreciate any feedback as I am trying to do my diligence and be as prepared as possible for when that first deal is found. 

Thanks!