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Updated 6 months ago on . Most recent reply

Wholesale Transaction Checklist or process?
Hey guys, excitedly i just completed my first wholesale deal(s) this week... but i quickly learned that there's a lot of communicating that needs to happen and coordination between the primary seller, the end buyer, and the title company.
Do any of you have a standardized process, workflow, or checklist that you use to run these deals?
Specifically i found that we had to coordinate keys, the seller move out, the closing times, wiring instructions, and various other little details to get the deal done... being this was our first one, it was unclear who communicates all of these as there was obviously no agents or brokers involved.
Any advice or best practices would be great appreciated!
Most Popular Reply

I coordinate everything because I want to get paid and to get paid, the transaction has to complete. The buyer and seller don't meet until closing of it's an assignment deal (which I don't do much anymore). I double check all title work and coordinate closing so nothing is missed. I do final walk the day before. I'm closing on my properties now so it's a little easier but there's still a lot to do. I don't have a checklist and had to learn a lot of it through experience. Congrats on getting your first deal!