First Wholesaling Deal - What is Next?

[John Evangelist]

First wholesale deal and I’m stumbling through this but I think I am done? No, this can’t be real…

So here is what I did:

1. Found seller and got them to sign a sales contract with me for a certain price. (Cold calling vacant properties - 25k rehab needed, floors/carpet/paint and maybe some new appliances if you’re feeling frisky)

2. Sent to title company with EMD

3.  Added my markup, assigned the contract to a cash buyer. Got the cash buyer to sign the assignment contract (cold called cash buyers - sent pictures and FaceTimed him with another walkthrough)

4. Sent this contract to title company with buyers deposit and POF (idk if the title company needs this but I sent it with the buyers permission)

5. Orchestrated closing dates between buyer and seller - set for next week

Did I miss anything or is this going way too smooth? Is the title company going to hit us with something crazy?

[John Evangelist]

Quote from @Maurice Smith:

@John Evangelist It sounds like you got it. Just stay in touch with everyone until the documents are signed and it's closed. Congrats! Make sure you get a HUD-1 for your records. A recommendation, put some away for tax purposes, invest some in your marketing and overhead, and work the next deal.

Thanks for the reply and yes I’ll be setting aside a couple bucks for Uncle Sam!