Wholesaling Checklist - Step By Step

[Brian Murphy]

I understand the basic steps of wholesale: find seller, get under contract, find buyer, assign contract, close the deal, get paid. What I'm looking for is a more detailed step by step checklist I can use to get set up and ready to start making it all happen. Something that includes the finer details of getting set up such as setting up a website, email accounts, autoresponders, toll free hotlines, etc. Also finding and assembling a team of professionals needed to make it happen like realtors, closing agents, contractors to give you repair estimates, etc. I'm not having any luck finding anything this detailed out there and I would appreciate some help.

I'm a newbie just starting out and I would like to start developing a network of people to keep in touch with via BP, so please click follow or send me an invitation to follow you.

I appreciate everyone's time and consideration!

[Paul Sorgi]

Brian the best get ready step is to take some action. The first step would be to find a property and in most areas the fastest way maybe to go for a ride in your car and look for vacant homes. Second find the owners and call them to see if they are interested in selling. Third get it under contract and fourth find your buyer.

You don't need websites, autoresponders, email accounts, or hot lines to get your first deal.

Your best use of time would be finding deals, analyzing them and passing the great deals off to the next investor.

Wholesaling is a simple strategy but it does entail acquiring several skills.

Here are a few areas to focus on.

1. Marketing for properties
2. Evaluating properties. Determining ARV, repairs, MAO
3. Negotiating the deal
4. Building a relationship with your buyers