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Updated 9 months ago on . Most recent reply

User Stats

2
Posts
1
Votes
Kiryl Ulanovich
1
Votes |
2
Posts

Step by step process for fix and flipping

Kiryl Ulanovich
Posted

What is the order of events that I have to do as a flipper with the participation of wholesaler and hard money lender? And is what I wrote down below right or not?

  1. 1. Get Pre-Approval from Hard Money Lender.
  2. 2. Find a deal through wholesaler (in this case)
  3. 3. Perform a home inspection
  4. 4. Sign an Assignment of Contract:

      Check the terms of the contract.

      Make an Earnest Money Deposit.

  1. 5. Get final approval from Hard Money Lender.
  2. 6. Do a title search with title company
  3. 7. Close the deal through title company.

Is that right?

Most Popular Reply

User Stats

320
Posts
182
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Obed Calixte
  • Real Estate Agent
  • St Petersburg, FL
182
Votes |
320
Posts
Obed Calixte
  • Real Estate Agent
  • St Petersburg, FL
Replied

Adding to Trevor's step 5 -  create a detailed SOW. 

This is where having contractors setup early will help you tons. 

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