Wholesale Business Process

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Wholesale Business Process por Mind Map: Wholesale Business Process

1. Administrative

1.1. Podio CRM

1.1.1. Globiflow

1.1.2. Zapier / Itduzzit

1.2. Bookeeping

1.2.1. Setting Reminders on Podio

1.3. Contracts

1.3.1. Webmerge

1.3.2. HelloSign

1.4. Phone System

1.4.1. Vumber (UK Equivalent)

1.4.2. Callfire

1.5. Working Procedures

1.6. Hiring New People

1.6.1. In-House

1.6.1.1. Creating Job Post

1.6.1.2. Pre-screening Candidates

1.6.1.3. Phone interview

1.6.1.4. In Person Interview

1.6.1.5. Orientation and Training

1.6.2. Virtual

1.6.2.1. Odesk.com (or any Equivalent)

1.6.2.2. Elance.com (or any Equivalent)

1.7. Websites

1.7.1. Editing Pages

1.8. Computer Systems

1.8.1. Email

1.8.1.1. Signature

1.8.1.2. Boomerang

1.8.1.3. Streak Setup

1.8.1.3.1. Email Templates

1.8.1.4. Creating new email address and forward

1.8.2. Dropbox

1.8.2.1. Login and Installing

1.8.3. Incontact Autoresponder

2. Property Sales

2.1. Marketing Checklist

2.1.1. Send Contract to Title Company

2.1.2. Getting Access

2.1.3. Contact VIP Buyers

2.1.4. For Sale Bandit Signs

2.1.5. Contact Buyer Agents

2.1.6. Upload on Website

2.1.7. Sending Email

2.1.8. Co-Wholesale

2.1.9. Direct Mail Flyers

2.2. Qualifying Buyers

2.2.1. Questions to Ask

2.2.2. Getting PDF

2.3. Exit Strategies

2.3.1. Assignment

2.3.2. Double Close

2.3.3. LLC Sale

2.3.3.1. Creating LLC

2.3.4. Co-Wholesale

2.3.5. Consulting Agreement ( switching name on contract)

2.4. Choosing Coordination

2.4.1. Reviewing HUD-1 Settlement Sheet

2.4.2. Writing Instructions

3. Acquisitions

3.1. Lead Intake

3.2. Pre-Screening Leads

3.2.1. Seller Situations

3.2.1.1. Under Water

3.2.1.2. Little to No Equity

3.2.1.3. A lot of Equity

3.2.1.4. Free and Clear

3.2.1.5. Neighborhood Quality

3.2.1.6. Street Condition and Location

3.3. Talking to Sellers

3.3.1. Objections

3.3.2. Determine Motivation

3.3.3. Set Appointment or Make Written Offer

3.4. Deal Analysis

3.4.1. Estimating Repairs

3.4.2. Pulling Comps

3.4.3. Wholesale Profit Analysis

3.5. Writing Offers

3.5.1. Types of Offers

3.5.1.1. Wholesale

3.5.1.1.1. Determining Offer Price

3.5.1.2. Owner Financing

3.5.1.2.1. Determining Terms

3.5.1.3. Subject to/Wrap

3.5.1.4. Lease Option

3.5.2. Preparing and Sending

3.5.2.1. Email Offer template

3.5.2.2. Mailing Offer template

3.6. Appointments

3.6.1. Setting the Appointment

3.6.2. Due Diligence before Appointment

3.6.3. What to Bring

3.6.4. Taking Pictures

3.7. Bigger Pockets

4. Marketing

4.1. Seller Lead Generation

4.1.1. Offline

4.1.1.1. Direct Mail

4.1.1.1.1. Yellow Letters

4.1.1.1.2. Postcards

4.1.1.1.3. Formal Letters

4.1.1.1.4. Schedule

4.1.1.2. Bandit Signs

4.1.1.3. Vacants and FSBOs

4.1.1.4. Prospecting

4.1.1.4.1. Calling Landlords

4.1.1.5. Birddogs

4.1.1.5.1. Web form for submissions

4.1.2. Online

4.1.2.1. Youtube

4.1.2.2. www.zoopla.com

4.1.2.3. Rightmove.com

4.1.3. Followup

4.1.3.1. Adding to Autoresponder

4.1.3.2. Voice Blasts ( UK Equivalent)

4.2. Buyer Lead Generation

4.2.1. Offline

4.2.1.1. Auctions

4.2.1.2. Bandit Signs

4.2.1.3. Networking

4.2.1.3.1. REIA

4.2.1.3.2. Phone Call Intros

4.2.2. Online

4.2.2.1. www.wehaveEquity.com (UK Equivalent)

4.2.2.1.1. Autoresponder

4.3. Tracking and Reporting

5. Networking and Education

5.1. Auctions

5.2. REIA Meetings

5.3. Podcasts

5.3.1. Real Estate Guys Radio (any UK Equivalent)

5.3.2. Creating Wealth with Jason Hartman (any UK Equivalent)

5.4. Books

5.5. FB Mastery