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Updated over 3 years ago,

User Stats

21
Posts
5
Votes
Isabella Rogers
  • Wholesaler
  • New Orleans
5
Votes |
21
Posts

First Potential Wholesaling Deal

Isabella Rogers
  • Wholesaler
  • New Orleans
Posted

I have an on-market deal that is perfect, the price is actually under the MAO, and I'm aware of how much rehab it needs, ran comps, ARV, and I know the area. I want to call and make the offer, but I'm confused on what happens next. I know the steps, like making sure I get the agent to add certain contingency to cover myself, add an inspection period, making sure it goes through my preferred wholesaling friendly closing company, etc. But when I make the offer, and when/if it's accepted, do we go straight into taking about the contract? Do proof of funds come first? I'm just not sure how to put the motions in action after the offer. This is my first potential deal and it's perfect, I don't want to lose it, but I also don't want to get it and not know what to do with it. Any advice, tips, and info is appreciated!

Thank you,

Isabella R

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