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Updated 1 day ago on . Most recent reply

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Ashantia Vice
  • Wilmington, NC
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Wholesale Business Structure Advice

Ashantia Vice
  • Wilmington, NC
Posted

I have been studying wholesaling for years. I have paid for countless programs and tried to handle cold calling myself. Since I always struggled to get things off of the ground. I have used 2 VA agencies before but didn't stick with them long because the cost was a bit much for my budget at the time. I now have $12k to put towards a 6month plan. Here is where I need advice from a few pros in the game. Is the plan below realistic? What more should I account for?

Ideally, I’d like my business to only need my input during negotiations and at closing. My structure would look like this:

1) I will use the CRM Portal and Deal Analyzer from Clever Investors ($400 per month for portal, deal analyzer, leads skip tracing)

2) My first team of VA's (Team 1) will cold call and add all "potentially yes" sellers to my CRM portal along with preliminary answers about the property and seller motivations.

3) My next VA (Team 2) will follow up with potential seller, get more details on motivations and property conditions, coordinate securing pics of property, use deal analyzer to run comps, generate ARV, and repair costs.

4) I will review and confirm recommended offer; providing 3 offer amounts in preparation for counteroffers

5) Team 2 VA will submit offer to seller and coordinate contract signing.

6) Team 1 VA will conduct buyer search and add potential buyers to CRM. All contracts will have 30 day due diligence window.

7) Team 2 VA will act as intermediary between myself and buyer during negotiations, ultimately coordinating signing of assignment contract and scheduling closing.

8)I will be present for closing with Title Company. Team 2 VA will receive hourly pay (paid weekly) plus 15% commission paid within 7 days of each closed deal.

Thoughts? Advice?

Estimated overhead $2k per month for 6 months. 

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