Just want to make sure I have the Wholesaling process down.

[Lee Section]

So let me place this process out step by step just in case i have missed something.

1) Build a team. CPA, Investor friendly Closing Company, Investor Friendly Real Estate Agent, Real Estate Lawyer (which is optional)

2) Form a LLC for my wholesale company.

3) Build a Motivated Buyers list (through various marketing strategies. Which my Closing company and Real Estate Agent can help with)

4)Market for Motivated Seller (Preferably looking for Buyer specific leads but willing to take any good deals)

5) (now this is when i get a little confused) Once I find seller go over the numbers to see if it works out to be a good deal. (
Now as a Wholesaler do i also do title research? Look for liens on the property? And do get a property inspection?

6)If it turns out to be a good deal go through a Agreement For Purchase & Sale Of Real Estate Contract with a earnest money deposit $10-$50 with the seller?

7) Show the property and go over the number with my Motivated Buyer. If everything goes well we feel out another separate Agreement For Purchase & Sale of Real Estate , and the buyer leaves a non-refundable earnest deposit.

8)I give both contracts to the closing company and they set a closing date.

9)The closing company prepares a HUD-1 and a assignment contract between me and my rehabber/investor.

10) Sign all paper work and get paid

Is this right? One quick question why do I need a assignment of contract and a purchase agreement between myself and the rehabber/investor? Its the process of things I am alittle confused on. Can anyone clarify maybe I'm missing something.

Thank you in advance