This Is Why You Suck At Wholesaling Houses - Tampa, FL
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- Опубліковано 8 вер 2024
- In this video, Jerry will break down a live deal currently under contract in Tampa, Florida and explain why you suck at wholesaling.
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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
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#FlippingHouses #WholesalingHouses #FlippingGenius
Great vid Jerry!!!
YOU ARE A GENIUS!
Lol “I’ll never probably talk to them again…” that’s a good thing to remember for uncomfortable conversations 😅
After listening to the call, the realtor seems to be very sharp. If I did business in Tampa, I think I'd use him!
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
I think I might’ve talked to him at some point. I’ve done lots of deals in Tampa lmao
@@lambo199721 Any advice on getting started in wholesaling for a newbie. I'm located by Tampa seems like the market is already so saturated.
Awesome call to hear! What was the outcome👀✨
Jerry, do you get roofs that look like that soft washed? It'll make them look like new. The cause of that ugly black staining is just an algae that can be killed with a chemical cleaning. It's usually about $0.25/sqft. It's much more affordable than getting a brand new roof.
Interesting that you’re saying you wholesaled this property because I actually represented the buyer who closed on it after you canceled the contract. Why weren’t you able to lock in a buyer in the end?
I didn’t say I wholesaled it.
wow jerry this video really helped me understand a lot more and is making me more motivated to get my first home under contract! thank you so much for all that you do for the community. this is gonna be life changing.
Great content. Love being able to hear your convos
Love this format! Keep'em coming!!!
Thanks again for this video Jerry. Not only do you teach us what to do but often times it's what NOT to do that is the greatest teacher. And you've definitely did that with this video. As well as the last " You Suck At Wholesaling " video. Hopefully you will continue with this series.
Thank you for sharing your conversation/video.Yess!!🙌🏽
I can’t get the free video of the llc without paying for the flipster,
*Once you enter your email, it’s automatically emailed to you. If you don’t see it, check your junk/spam folder in case your email provider put it there...If you still don’t see it, my team can help you out. Support@flippingmastery.com
Thanks man. Real helpful. We going to get some deals done 🙏one last question do you pick up anytbing anywhere or is there a certain area you do only ? I’m in California
Beautifuly explained.
Thanks alot 🤙🏽
Another great video. Thanks for allowing us in on the call flow.
This is so informative. Thank you for the number breakdown. Really helps to understand how to negotiate! 19:09
how to use propwire whAT tpo do next after finding amazing leads with PROPWIRE please Mr. Jerry
Coming soon
Jerry you are a flipping genius, your my favorite wholesaler/flipper content creator, keep em coming!!
Wow, thanks!
You described the comp on Juniper Street as luxury. I'm looking at the pics in the MLS tho. It did not even have a dishwasher in the disjointed kitchen, brown cabinets that were not newer, really basic bathrooms with basic square tiles, windows from the 70's, no landscaping, no molding or trim work. Just a basic partially updated house
Thank you Jerry,❤️🙏🇺🇸
I’m from Florida , this was a great VIDEO !
"The Better You Understand How Flippers Underwrite and Analyze Potential Deals....
the More Success & Profit You Will Have as a Wholesaler.!"
Jerry, U R a Flippin' Genius! 🤣👍💞
Blessings*SharonZ WA
That was a great call. I have been trying everything you, Pace, Jamil and Brent say. Texas is just a hard market. At least the ones I called are not budging. Thanks
I've been flipping houses for over 20 years. Jerry was spot on, with what he said. Good luck to all of you.
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
The biggest lesson here has to be you have to lock your cash buyer in first before asking for a price drop whatsoever. I mean, what informed the price drop from $229k to $200k? One price drop is hard enough, requesting a second price drop is a unicorn. Every seller will be pissed.
Very useful video, i'm 18 years young and have been independently studying real estate for about 2 years now; finally able to start building credit. Im confident enough to work for/with you and look for the best deals for you to flip. Im half way through your video right now but after I finish watching and giving a thumbs up im going to check out the link you put for the oppurtunity to look for deals and get in contact with you!
- RuRu
Great video!
Holy crap, i needed this video lmao. I happen to just have gotten a property under contract in TAMPA!. Might be a bit high aswell. Jerry you are a flipping genious
Are u wholesaling it? Im looking to buy
@@handsome13579 sure!
@@LuxFerre21 whats your IG?
Nice
I'm nearly done on a flip in the same area
I would caution there are 3/2/1 new construction properties nearby at the 310-330k range
Love this! 👏🏼
Jerry … Do you know what actor you look like? one of my favorite actors … has anyone ever told you this before? … And besides being totally entertaining & totally fun…you are a flipping genius!
tell me what actor I’m thinking of…
no but I get steven crowder all the time
@@FlippingMastery … Nope … Chris Pratt from Jurassic World 🎉 That’s why I feel like I know you… u flipping genius you!
@@tomwashingtonjr848 ayoooooo
Can anyone get me in contact with that realtor from Tampa ?
Just becuase a seller says "YES" doesn't make it a deal. This is a great video.
Hey there Jerry, I'm BRAND NEW to this and all.of realestate. That being said, I have a HUGE interest in wholesaling both virtually and in my home state of Florida. Is there any way you would be my mentor and / or allow me to shadow you so to speak, in order to learn how to get my feet wet in this industry. I really am starting from ground zero here but this is make it or break it for me. I can't stress that mast part enough being that I'm a single father with a 10 year old daughter that's a type 1 diabetic. Needles to say, the need for a better source of income in place of my current w2 position. Please please please.
Did they accept it?
Nope
Getting my feet wet in the Tampa market so I appreciate the buy criteria given in this video!
Hey Jerry, I would love to know your buying criteria for creative finance deals?
Def motivated! If the numbers make sense then they make sense.
This comment will sound corny, but I found your discussion with the realtor riveting (and respectful on both sides). I'm now dying to learn the outcome. Please update us!
What is more effective and efficient for best use of time? To offer low or renegotiating multiple times?
I'm curious what made an angent think that you can get more than 350 ARV?
He was using comps that sold for more
Nuggets Jerry You’re awesome 🫡
I really caught recent video ,thought I was late to the party
You're the best Jerry!
Hi Jerry, I noticed on some of your Watch Me Wholesale videos that the sold properties you comp has pictures of the inside. None of the sold properties i've seen has pictures still up. Is there anyway to get them?
That is common for Redfin to not save the pictures in some markets. Look up the property in realtor.com and I bet you’ll see pics.
I suck at wholesaling because Jerry's 10k program has such strict requirements its like finding a needle in a hay stack. It took me 2 years of searching homes all over the USA to find this out and the support team won't help me find the right market for the type of properties he wants. Ive tried and tried and tried and have never been able to get a seller to accept such lowball offers, or if they do accept the offer the home won't have enough comparables for the 10k program.
Can someone tell me the software to get paid to find houses for jerry
Go here to learn more
My10kcheck.com
Nice
Nice !!!
Can't wait to watch this video! Be back in 10
jerry please coach me in person. please
fasttrackwithjerry.com
theres a market in texas i know somebody that has 6 homes and is asking 1.2 for all of them
Jerry why are your comps so far out ? I thought appraisers only consider comps in big cities within a half of mile ?
well what was the outcome?
Do you still mentor people and if you do how would I get access to that.
Fasttrackwithjerry.com
@@FlippingMastery Thank you i applied !
So we assume the deal did not get done at $170K.
nope
Did they go with the $165K?
not yet
What happened?
waiting...
Tampa is my Market.
Did they take the offer?
not yet
Instead telling folks they suck which may invoke negative beliefs why not say here’s how you can improve.
Because it’s catchy. Because if you’re feelings get hurt from a dude on the internet, wholesaling isn’t for you. If you want someone to blow smoke up your ass, find another channel. If you want to learn how to really succeed in todays market, I’m your guy 😅
P.S. you can do it. I believe in you!
Aw poor baby got his feelings hurt, you must not be taking action because if you have, you would know you will be called all kinds of names when making low offers. Go back to your job 9-5 this business is definitely not for you!🤣🤣
the Homeowner should have taken better care of their property if they wanted it to be worth more, if the numbers don't work, then the numbers don't work, move on, ......NEXT
Question: I found a buyer's agent who is willing to help me assign the property I have under contract. However, she made me sign a 3% commission agreement. Is that okay? I'm kinda lost at this part
Do you have room in the deal to pay the fee?
@@FlippingMastery depends what she can sell it for, seems like I'll have to ask for a reduction
Ask your agent to explain it to you. You are paying them to perform a service, and they stand to make money by helping you. They shouldn't be squirrely about it. Say if we assign it for x then how much money would we each walk away with? Then, consult an attorney ASAP and never ever sign another business contract without an attorney to review it. You need to find out if it is 3% of the net or 3% of the sale price. Because 3% of a $10,000 net is only $300 but if you are talking about the total sale price that could be a problem. If you are getting 10% on the deal, you are down to 7%. If you are getting 5% you are down to 2%. Basically losing $3k for every $100k the house sells for. Perhaps your agent will negotiate so that the whoever buys the contract will cover the 3% but at the end of the day you need to find out exactly what you are giving up with their help. For reference, my agent got 3% in my first home purchase.
@@wyattjarvis4983 yes its 3% of the sale price, I did explain to her that aslong as i walked with 10k i would he golden. She said she could sell of for more than i was asking so. It's my first deal and the amount of learning I have gotten just after executing is insane and I love it lol
@@LuxFerre21 hey man. Did u end up closing that deal that deal & if so, in which state was it in
JERRY!!! Me and my husband were in one of your in-person mentoring programs almost 2 years old. Fear really held us back, but we never gave us. We closed on our first wholesale deal today!! And close to closing on a second one this month. Can’t thank you enough and everyone involved who helped us push this through. God bless!
That is awesome!
The fact that I feel like I can't trust Jerry must mean he's really good at his job 😅
explain that...
The REAL REASON why your $10k club students suck at wholesaling is not because they are making too few offers to sellers at the right price. It is because they aren't offering enough SOLUTIONS to the sellers that they are talking to. I bought your $10k club program back in May of this year and followed your instructions of making lowball 100 offers to sellers per month for three solid months at hedgefund numbers (basically your 70% formula minus the cost of repairs with your spreadsheets). What kept happening was that the sellers thought the offers were too low and didn't want to do business with me. However, in several instances, they were able to hang onto the properties for longer and the proper solution in those instances would have been to simply refer those sellers to realtors for a referral fee so that their properties could be listed on the MLS. So if you were able to provide us (your students) with a solution where we send you off-market properties and you refer them to a local realtor then split the referral commission fee with us on fair JV terms, we could probably do business with you because then we would be offering the many sellers we're talking to the actual solution they need-which is to simply list a property on the MLS with a realtor. So if you can offer us that sort of JV solution, it might be easier for several of your students who are struggling with your courses to actually do business with you. However, as of right now, the 100 lowball offers per month thing has not worked for me :(
Im also in the program and made hundreds of calls and messages and couldn't make a deal. It's not even 70%, his deal genie is closer to 50%-60% most of the time.