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Wholesaling
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Updated almost 12 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Joe K.
  • Bronx, NY
1
Votes |
6
Posts

Wholesaling Checklist

Joe K.
  • Bronx, NY
Posted

Greetings BP Community,

This is my first post on BP and I feel I am ready to overcome my analysis paralysis and start to take action by wholesaling. However, I would like to make sure I have all that is needed to start and close a deal. Below are items/contacts I believe are needed to closing a deal; can anyone please tell me if I need to add/remove/edit anything on my checklist?

1. Buyer's list
2. Motivated sellers list
a. Sellers can become buyers (IMO)
3. Marketing Strategy
a. Direct mailing
1. Envelopes, stamps, paper, return labels and a printer
b. Email Blast
c. Market to family/friends
4. Contractor (For repairs/estimates)
5. Lawyer (To assist with contracts and any legalities)
6. Title Company (Checks status/ownership of property's title and holds/distributes money of transaction{escrow})
7. LLC?

This is my check list so far. I feel as though I am missing something (symptoms of analysis paralysis?) but I am not sure. Also, can this same check list be applied to a lease-option deal?

Thank you BP Community for any help you can provide.

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