Anatomy of a Wholesale Deal

Wholesaling
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Anatomy of a Wholesale Deal

Sean Brennan
Rental Property Investor · Manchester, NH · Member since 2013 · 447 posts · 81 votes

The Anatomy of A Wholesale Deal

1. Find a handful of cash buyers and determine their buying criteria

2. Market to motivated sellers that meet this criteria

3. Begin taking lead calls generated by your marketing

4. Screen for truly motivated sellers, get property info., plan a call back for the next day

5. Crunch numbers, call back, make a verbal ballpark offer and set an appointment

6. View the house, adjust numbers as necessary, make offer and have contract signed. Give them an EMD?

7. Find buyer, assign contract.

8. Open escrow, buyer over funds based on wholesale fee?

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  • Sean Brennan
    OP
    Rental Property Investor · Manchester, NH · Member since 2013 · 447 posts · 81 votes
    13y

    I was hoping you guys could help me firm the above up, I will update it and then it would be useful for all to see.

    0Reply
  • Steve Babiak
    Real Estate Investor · Audubon, PA · Member since 2009 · 13k+ posts · 8k+ votes
    13y

    Related discussion:

    http://www.biggerpockets.com/forums/93/topics/70516-structure-of-wholesaling

    0Reply
  • Sean Brennan
    OP
    Rental Property Investor · Manchester, NH · Member since 2013 · 447 posts · 81 votes
    13y

    Thanks Steve Babiak. Don't you think something like this should be stickied?

    0Reply
  • Carson Sweezy
    Rental Property Investor · Fairfax, VA · Member since 2014 · 328 posts · 101 votes
    11y

    @Sean Brennan

    This is an awesome post. The wealth of knowledge on BP is amazing, and I am truly grateful to have found the site. However, once you read more and more of the content you begin to believe that you must know EVERYTHING before getting started. This post is a great reminder of the essential steps for wholesaling. Everything else can be learned as you go.

    Thanks,

    Carson

    0Reply
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