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Wholesaling

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Jamie Rost
Pro Member
  • Melbourne, fl
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Question on the wholesaling process

Jamie Rost
Pro Member
  • Melbourne, fl
Posted Apr 3 2018, 06:42

I am just learning about wholesaling and I wanted to make sure that I understood the framework of the process. From my understanding, the various phases of a wholesale deal include the following:

  1. A call is received from home owner as a result of marketing efforts 
  2. Provide a range that we (wholesaler) would be willing to offer
  3. Review property and required renovations to determine selling price to market to buyers list
  4. Get contract signed by home owner
  5. Record contract with county
  6. Market property to established buyer list
  7. Once buyer is interested complete the assignment contact
  8. Receive deposit from buyer and put in escrow with title company
  9. Set closing date with title company for double close 

Did I miss anything related to the process?

Thank you

Jamie 

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