Keeping track and closing on time...no one told me!

[Aroldo Villarreal]

Back in December I was driving down a street and saw a FSBO sign. I decided to call it and made an appointment with the seller. Apparently the sign had been up for about two months now and I never saw it even though I pass by there about 10 times a week or more. Anyway, long story short, he wanted $80k, I offered $35k, signed the contract for $41k. I found a buyer and submitted all the paperwork to the title company.

Keep in mind, this is my first deal EVER in wholesaling. I thought that was it, I thought all I had to do was wait for my check. I was so wrong! So, I'm a week away from the agreed date I signed my original contract with the seller and we haven't closed. I learned not to count your money so fast, not until you are actually holding the cash. I'm starting to sweat it but according to the HML, everything should be good to go by Monday or Tuesday of this coming week.

I bought Than Merrill's book "The Real Estate Wholesaling Bible" and have learned a lot, especially about the closing process. What I found HERE was something called a "Take Sheet" that he recommends we use for the closing process and getting everything finished on time. 

My question is, how do you keep track of all the moving parts to make sure you can sleep at night and not worry that everything might fall through and that everything is running according to schedule? Do you use a "Take Sheet" like Than Merrill recommends? Any recommendations will help!