Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 months ago on . Most recent reply

User Stats

19
Posts
5
Votes
Apurva Sanghavi
  • Rental Property Investor
  • Houston, TX
5
Votes |
19
Posts

Wholesale Transaction Checklist or process?

Apurva Sanghavi
  • Rental Property Investor
  • Houston, TX
Posted

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

User Stats

1,374
Posts
913
Votes
Adrien C.
  • Property Manager
  • Griffith, IN
913
Votes |
1,374
Posts
Adrien C.
  • Property Manager
  • Griffith, IN
Replied

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!

  • Adrien C.
  • Loading replies...