Wholesaling Business System

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Wholesaling Business System by Mind Map: Wholesaling Business System

1. Marketing

1.1. Seller Lead Generation

1.1.1. Offline

1.1.1.1. Direct Mail

1.1.1.1.1. Creating Mailing Lists

1.1.1.1.2. Yellow Letters

1.1.1.1.3. Postcards

1.1.1.1.4. Formal Letters

1.1.1.1.5. Schedule

1.1.1.2. Vacants and FSBOs

1.1.1.3. Bandit Signs

1.1.1.4. Prospecting

1.1.1.4.1. Calling Landlords

1.1.1.4.2. Skip Tracing

1.1.1.5. Birddogs

1.1.1.5.1. Web form for submissions

1.1.2. Online

1.1.2.1. Google PPC

1.1.2.2. Youtube

1.1.2.3. www.WeBuyBaltimoreProperties.com

1.1.2.4. Craigslist

1.1.3. Followup

1.1.3.1. Adding to Autoresponder

1.1.3.2. Setting Reminders on Podio

1.1.3.3. VoiceBlasts

1.2. Buyer Lead Generation

1.2.1. Offline

1.2.1.1. Auctions

1.2.1.2. Bandit Signs

1.2.1.3. Networking

1.2.1.3.1. REIA

1.2.1.3.2. Phone Call Intros

1.2.2. Online

1.2.2.1. www.WeHaveEquity.com

1.2.2.1.1. Autoresponder

1.3. Tracking and Reporting

2. Administrative

2.1. Podio CRM

2.1.1. Globiflow

2.1.2. Zapier/Itduzzit

2.2. Bookeeping

2.3. Contracts

2.3.1. Webmerge

2.3.2. HelloSign

2.4. Phone System

2.4.1. Vumber

2.4.2. Callfire

2.5. Working Procedures

2.6. Hiring New People

2.6.1. In-House

2.6.1.1. Creating Job post

2.6.1.2. Pre-screening Candidates

2.6.1.3. Phone Interview

2.6.1.4. In Person Interview

2.6.1.5. Orientation and Training

2.6.2. Virtual

2.6.2.1. Odesk.com

2.6.2.2. Elance.com

2.7. Websites

2.7.1. Editing Pages

2.8. Computer Systems

2.8.1. Email

2.8.1.1. Signature

2.8.1.2. Boomerang

2.8.1.3. Streak Setup

2.8.1.3.1. Email Templates

2.8.1.4. Creating new email address and forwarding

2.8.2. Dropbox

2.8.2.1. Login and Installing

2.8.3. Icontact Autoresponder

3. Property Sales

3.1. Marketing Checklist

3.1.1. Send Contract to Title Company

3.1.2. Getting Access

3.1.3. Contact VIP Buyers

3.1.4. For Sale Bandit SIgns

3.1.5. Contact Buyers Agents

3.1.6. Upload on Website

3.1.7. Sending Email

3.1.8. Co-Wholesale

3.1.9. Direct Mail Flyers

3.2. Qualifying Buyers

3.2.1. Questions To ask

3.2.2. Getting POF

3.3. Closing Coordination

3.3.1. Emailing information to closing agent

3.3.2. Reviewing HUD-1 Settlement Sheet

3.3.3. Wiring Instructions

3.4. Exit Strategies

3.4.1. Assignment

3.4.2. Double Close

3.4.2.1. Creating LLC

3.4.3. LLC Sale

3.4.4. Co-Wholesale

3.4.5. Consulting Agreement (switching name on contract)

4. Acquisitions

4.1. Lead Intake

4.1.1. Podio Webform

4.2. Pre-Screening Leads

4.2.1. Seller Situations

4.2.1.1. Under Water

4.2.1.2. Little to No Equity

4.2.1.3. A lot of equity

4.2.1.4. Neighborhood Quality

4.2.1.5. Street condition and location

4.2.1.6. Free and clear

4.3. Talking to Sellers

4.3.1. Objections

4.3.2. Determining Motivation

4.3.2.1. Untitled

4.3.3. Set appointment or make written offer

4.4. Deal Analysis

4.4.1. Estimating Repairs

4.4.2. Wholesale Profit Analysis

4.5. Pulling Comps

4.6. Writing Offers

4.6.1. Types of offers

4.6.1.1. Wholesale

4.6.1.1.1. Determining Offer Price

4.6.1.2. Owner Financing

4.6.1.2.1. Determining Terms

4.6.1.3. Subject to/Wrap

4.6.1.4. Lease Option

4.6.2. Preparing and sending

4.6.2.1. Email offer Podio process

4.6.2.2. Mailing offer Podio process

4.7. Appointments

4.7.1. Setting The Appointment

4.7.2. Due Dilgence before appointment

4.7.3. What to bring

4.7.4. Taking Pictures

4.7.4.1. Completing Followup Tasks

4.8. Followup

4.8.1. Using followup sequences on InvestorFuse

5. Networking and Education

5.1. Auctions

5.2. REIA Meetings

5.3. Podcasts

5.3.1. Real Estate Guys Radio

5.3.2. BiggerPockets

5.3.3. Creating Wealth with Jason Hartman

5.4. Books

5.5. FB Mastery