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Updated 23 minutes ago,
Step by step process for fix and flipping
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. Get Pre-Approval from Hard Money Lender.
- 2. Find a deal through wholesaler (in this case)
- 3. Perform a home inspection
- 4. Sign an Assignment of Contract:
Check the terms of the contract.
Make an Earnest Money Deposit.
- 5. Get final approval from Hard Money Lender.
- 6. Do a title search with title company
- 7. Close the deal through title company.
Is that right?