Week 42- Transaction Coordination Systems

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From an onlooker perspective, a transaction is just the exchange of money for goods. It looks simple enough, but in real estate, this can get more complex than what you expect. If you don’t know what you’re doing, you might not get what you paid for. What happens before, during, and after a transaction?

Today, Don and Ryan discuss transactions and some of the systems you can use to get started. They share some samples of sales transactions and the systems they used to make each one simpler. They explain how to find the right system based on your business’ needs. They also explain the systems they built around transactions using escrow.

“No matter how prepared you get by your title company, it's very reactionary. You don't get ahead of anything.” - Ryan Scialabba

This Week on FlipTalk’s Rookie PlayBook:

  • What it was like to be an investor for the first time and close the first deal.
  • Finding the right work pattern to model your system.
  • Escrow and the systems they built around it.
  • How much control a business owner should have during transactions.

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