✅ Wholesaling Real Estate Business Setup Checklist
1. Business Setup - Choose Legal Structure (LLC, S-Corp, ect.) - Register Business Name - Obtain EIN from the IRS - Create Operating Agreement - Open Business Bank Account 2. Marketing Strategy - Identify Target Market (e.g., counties, median sale price, population) - Build Targeted Marketing Lists (Probates, Pre-foreclosures, etc.) - Set Up Lead Generation Channels: - 🔥 Direct Mail (Postcards, Letters) - 🔥 SMS/Text Blasting - 🔥 Cold Calling - 🔥 Facebook Groups/Marketplace - 🔥 Google Ads/SEO (optional) - Choose CRM System (e.g., Podio) - Set Up Lead Intake System (Property details & contact info) 3. Acquisition Process - Create Property Analysis Tools (MAO, comps analysis) XLEADS - Draft Offer Templates (e.g., 70% of ARV) - Set Up Contract Management System (RabbitSign) 4. Dispositions Process - Build Buyer Database (Cash buyers & investors) - Promote Properties to Buyer Network: - 🔥Email campaigns - 🔥Facebook Groups/Marketplace - 🔥Zillow (FSBO listings) - 🔥Real Estate Agent partnerships - 🔥XLeads or other wholesaler platforms - Set Up Contract Assignment Process 5. Operations and Team - Create Daily Habit/Action Plan (Cold calling, SMS, D4D, etc.) - Decide on VA Use for Cold Calling, SMS, or Admin tasks - Consider Acquisitions Manager (if scaling) - Outsource Marketing (If necessary) 6. Systems and Tools - Set Up Google Sheets/Excel for Tracking Leads & Deals - Set Up Podio CRM with workflows for leads and tasks - Choose Phone System (e.g., Google Voice or VoIP) - Set Up Marketing Automation Tools (XLeads, GoHighLevel) - Organize Documents in Cloud Storage (e.g., Google Drive) 7. Financing and Profit Tracking - Network with Private Money Lenders - Build Relationships with Hard Money Lenders - Set Up Accounting Software (e.g., QuickBooks) - Set Up Profit Sharing Plan (for JV partnerships) 8. Follow-Up and Nurture Process - Create Follow-Up Strategy (Email, Phone, SMS) - Build Lead Nurturing System for long-term relationships