Jerry!!! The way you explain the whole double closing method is just genius!!! I had no real clear understanding of it but you cleared it for me. Appreciate that!!! Lovin your videos!!!!!
In California, escrow companies prohibit funds from the second transaction being used to fund the first. Also, at 12:07 you use language that would only work in one party escrow states. In CA for example, both parties have to execute cancelation instructions before EMD will be released under any circumstances.
If you think finding a motivated seller or an interested cash buyer (investor) is hard, try finding an escrow company that does double escrow. I called at least 40 different escrow companies in my area (Riverside, CA) . Half of them didn't even know what that was. The other half knew what it is but simply didn't do them. Thankfully, just when I was about to give up in discouragement, I found one that does. I still have to meet their criteria to get them to double escrow, but I think it can work.
Hello, I'd love to connect with you I'm also in Riverside, CA. I'm looking forward to sharing my knowledge with you and hopefully, we can grow together to the top.
Jerry, I get it! You're a genius Thanks again for your awesome content. I've binged 20 videos in a row to get my confidence back up after a failed first attempt last July.
Jerry you are genus. Our title company is experienced with double closing, assignments, transactional funding, etc. She is handling all closings. Jerry mentioned networking is key your success .
thank you for this video!!! you’re literally the best! i refer everyone over to your videos whenever they have questions because you always have a video for something!
Hello Jerry I am new to your channel. All the way from the State of NY & NJ. Man where were you over 30 years ago when got started in real estate as a realtor, then a Broker and now as a Wholesaler. Your teaching is Phenemonal. The way you explain things step by step a D no complications. Love your content. Thank you. Go over all your videos because you can never know enough. Look forward to continuing following you.
Jerry,I get it. It's genius. However, like you always say, "seek legal advice before engaging in any transaction". I sought legal advice before trying to pull this trick in NY and NJ markets. It is illegal in these states to have the end buyer fund the whole deal. It is unfortunate but I'm glad I checked first.
Well I'm sure the title company that you are going to be trying to do it in would have told you pretty quickly that it couldn't be done so you wouldn't have needed to seek legal advice, they would have told you it was illegal
What’s to stop the cash buyer from learning what we payed for the property by looking up the property , especially if it is listed (and most properties are), and seeing who the seller is - thereby seeing the sellers list price?
Flipping Mastery TV yeah makes sense. I guess I’m over thinking it in the sense that the cash buyer will try to get in touch with the seller and try to cut the wholesaler out...
Jerry! You flipping genius! :) Who would you refer as an awesome escrow agent in Arizona that is skilled with double closes / in escrow? Thanks for all you do!
This will be useful for wholesaling in North Carolina soon i heard that they are trying to get rid of assignment fees soon and the best work around method would be double closing
Hey Jerry another overflowing wealth of knowledge video, question,…..in this method from after the A-B Purchase agreement ……….now the B- C (Wholesaler to EndBuyer) do you need a Sales Agreement now, instead of assignment agreement with the Endbuyer?
Here you go! FREE Purchase & Sale and Assignment Contracts: flippingmastery.com/wcyt *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
Jerry happy to see this I really didn’t know the procedure but my title company has done it for me. I was amazed cause I didn’t know you could do this till they told me on one of my deals. But now I know how they did it and I know I have a great attorney that’s Wholeseller friendly. He has really took care of me I can call him anytime for answers and he keeps me in line with the rules. So greatfull. And big thanks to you and your amazing fast track class and for believing in me. Love u brother see ya again soon!
Jerry you are a flipping genius! but im more of a visual learner so could you do a look over your shoulder video of doing this showing you filling the contracts too
Jerry loving flipster and literally doing everything you’re saying and wow the success and professionalism it’s bringing my business is outstanding! So We’re under contract and we have an offer that we want to accept and the spread is LARGE woohooo . So instead of having the buyer sign an assignment of contract what would they sign in order to “hide” our fee ? Another purchase of sale ?
Flipping Mastery TV a buyer brought this to my attention. The home we have under contract is a massive 3 story that can be rented out as a triplex 2 bd 1 bath each floor but he then he brought up a concern. buyer : “If they maintained the rental license for the Tri, than you taking. But it reverted single fam.”and I have no idea how To respond or find this info. Help
Attending this virtual bootcamp will leave you thankful you didn't miss it here: fcg.isrefer.com/go/vbcreact2199/Checkinr it gives you everything you will need from 5 Ways to Get Started in Small Apartments How to Make Seller-Financed Offers 16 Money-Making Small Apartment Strategies How to Wholesale Small Apartments How to Buy Small Apartments, Using Other People's Money 6 Steps to Start-Up and Scale-Up Complete Marketing Systems How to Find Deals How to Find Buyers How to Find Private Investors 1-on-1 Goal Session - Your Personal Plan
Love Jerry's stuff...dropping real knowledge here. If you or anyone out there needs help analyzing/underwriting deals or funding of their projects. Especially if you need double closing funds, would love to chat.
this IS Valuable content From An Experienced Real Estate Investor. its freaking awesome, provided clarity with the contracts i need. i already have eveyrthing plus more. its all about just focusing on getting the deal. a lot of value man thanks.
![This Is Why You Should Double Close! [LIVE Deal Breakdown]](http://i.ytimg.com/vi/7KVjO7O5xj0/mqdefault.jpg)
Jerry!!! The way you explain the whole double closing method is just genius!!! I had no real clear understanding of it but you cleared it for me. Appreciate that!!! Lovin your videos!!!!!
Glad it helped!
This is the kind of pure content that Jerry provides his students. Thank you, Jerry!
Jerry, you are a flipping genius. THIS IS WAY MORE EDUCATIONAL THAN COLLEGE.
In California, escrow companies prohibit funds from the second transaction being used to fund the first. Also, at 12:07 you use language that would only work in one party escrow states. In CA for example, both parties have to execute cancelation instructions before EMD will be released under any circumstances.
This is cap. Double closing is allowed but it has to be same day /next day.
Jerry, I get it! That's genius!
👊👊😎
I'm a Residential Mortgage Quality Assurance Officer for a Bank. I found your expertise in loan closing docs and congrats very impressive.👌👏💪
If you think finding a motivated seller or an interested cash buyer (investor) is hard, try finding an escrow company that does double escrow. I called at least 40 different escrow companies in my area (Riverside, CA) . Half of them didn't even know what that was. The other half knew what it is but simply didn't do them. Thankfully, just when I was about to give up in discouragement, I found one that does. I still have to meet their criteria to get them to double escrow, but I think it can work.
Hello, I'd love to connect with you I'm also in Riverside, CA. I'm looking forward to sharing my knowledge with you and hopefully, we can grow together to the top.
What were their criteria?
That’s good news. I’m out here in DTLA currently searching for a wholesale friendly closing company.
Can you share a escrow company that you know double closes in SoCal please.
Luv2Trvl can you share which escrow company in SoCal double closed please.
6:00 I LOVE IT ❤❤❤
I just want to comment Jerry Norton is fire on every video 🔥🔥
You are seriously a flipping genius. I have been searching every video you have for this because the LLC I don't fully understand.
Thank you Jerry. You are a genius and you are always helping us. You are the most trusted on UA-cam.
This is the exact video I needed. I was searching for it for a whole month but I'm glad I finally found it. Jerry, you're a genius!
Jerry that’s flipping genius.
Jerry, I get it! You're a genius
Thanks again for your awesome content. I've binged 20 videos in a row to get my confidence back up after a failed first attempt last July.
Jerry you are genus. Our title company is experienced with double closing, assignments, transactional funding, etc. She is handling all closings. Jerry mentioned networking is key your success .
Jerry you discussed setting up LLC close with non assignment clause. “Sales 1st.”Does offer sheet include /And or Assign if property has double close?
What’s the name of the title company and info? Thank you!
Jerry thats flippin genius
I never comment but You my guy is a BEAST
🙏👊
Very good explanation and your voice is easy to listen to. 🎶
Jerry!!! You just saved my first deal!!!! THANK YOU!
thank you for this video!!! you’re literally the best! i refer everyone over to your videos whenever they have questions because you always have a video for something!
+Ashley Santos
🙏🙏😎😎
Jerry you are a genius
Jerry continues to increase my marketing & sales IQ as well as my real estate IQ!
Jerry I get it that's genius!! A year later this video is still so valuable!
Hello Jerry I am new to your channel. All the way from the State of NY & NJ. Man where were you over 30 years ago when got started in real estate as a realtor, then a Broker and now as a Wholesaler. Your teaching is Phenemonal. The way you explain things step by step a D no complications. Love your content. Thank you. Go over all your videos because you can never know enough. Look forward to continuing following you.
+Minerva Perez
🙏🙏🙏💥💥
Amazing jerry you are a flipping genius. If you could can you make a video on how to open an LLC from outside the US.
That's the money shot right there guys. Solid gold.
+Mike Dre
🙏🙏😎😎
Jerry, you are definitely a genius. You make everything so easy to understand. Thank you!
Dude is giving fireeeee gameee !!!
Jerry can you do live videos of these. I want to see what that looks like on video of the conversation and contract.
First time watching. Very impressive!!!!
Out of all the many different REI mentors out there Jerry just seems to put me the most at ease in the process.
+StupidRalph
🙏🙏🙏
Thanks for all the Insights🤩🤩
Extremely valuable! Thank you for being alive.
Holy crap jerry you’re an absolute big brain I love it
jerry I get it. your a flipping genius.
JERRY produces the highest value videos forsure!
+Wm Jordan Klindt
🙏🙏🙏
#UberFACTZ
He really does and I appreciate how quickly he responds to our questions.
No doubt
Jerry, you’re a closing genius
Jerry i get it. That’s genius!
Jerry I get it, your a flipping genius
YOU ARE A FLIPPING GENIUS!!!!!
Jerry,I get it. It's genius. However, like you always say, "seek legal advice before engaging in any transaction".
I sought legal advice before trying to pull this trick in NY and NJ markets. It is illegal in these states to have the end buyer fund the whole deal. It is unfortunate but I'm glad I checked first.
@Jamesusmanov how did you either get out of the deal or fund the deal?
Well I'm sure the title company that you are going to be trying to do it in would have told you pretty quickly that it couldn't be done so you wouldn't have needed to seek legal advice, they would have told you it was illegal
JERRY I GET IT THAT IS GENIUS!
Jerry you truly are a genius, bringing out the genius in a whole lot of people! Thank you!
Jerry u are a genius
Gary I get it. That's genius. Thank you.
jerry this is GOLD!!
Genius!! I love this.
You're a flipping genius Jerry
Jerry u r a flipping genius very clear on this bless you
Absolutely one of you BEST Videos!! Really needed this while in the 100% funding program..
Literally a life savior!
JERRY I GET THATS GENIUS
Jerry, you are a Flipping Genius!! Excellent tips by the way at the end of the video.
Quality love this content!
Jerry I get it! You a genius.
Got it, Jerry. That's Genius!!!!!
JERRY!! YOU'RE A FLIPPING GENIUS!!!!!😊
What’s to stop the cash buyer from learning what we payed for the property by looking up the property , especially if it is listed (and most properties are), and seeing who the seller is - thereby seeing the sellers list price?
Because the closings are back to back. The sale price on the first won’t show on public record for weeks.
Flipping Mastery TV yeah makes sense. I guess I’m over thinking it in the sense that the cash buyer will try to get in touch with the seller and try to cut the wholesaler out...
mistertexaz watch this to never get cut out of a deal
How To NOT Get Cut Out Of A Wholesale Deal ua-cam.com/video/HRb0DbjTEK0/v-deo.html
Thanks!
Jerry! You flipping genius! :) Who would you refer as an awesome escrow agent in Arizona that is skilled with double closes / in escrow? Thanks for all you do!
Knowing this double close method with the recent news abt wholesaling is a game changer!! Flipping genius!! 😎
What recent news?
This will be useful for wholesaling in North Carolina soon i heard that they are trying to get rid of assignment fees soon and the best work around method would be double closing
Watch this - ua-cam.com/video/4W5_M5hsOXI/v-deo.html
@@FlippingMastery 🙏🙏
Hey Jerry another overflowing wealth of knowledge video, question,…..in this method from after the A-B Purchase agreement ……….now the B- C (Wholesaler to EndBuyer) do you need a Sales Agreement now, instead of assignment agreement with the Endbuyer?
Correct
Thank you this video was amazing
That sounds all well and good on video (and paper) Jerry but realistically and honestly, how many cash buyers are actually willing to do that??!!
Cash buyer doesn’t do anything different. He signs and funds. No dispersement until all parties sign. Title does the rest.
Jerry that is ∆ genius
Hello Jerry you are a flipping genius !! Thank you . And I would like a link to your assignment contract please thank you again
Here you go!
FREE Purchase & Sale and Assignment Contracts:
flippingmastery.com/wcyt
*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
Jerry you are a flipping GENIUS!!!
Jerry I get it that’s GENIUS
Jerry I get it! That’s genius!
I totally get it Jerry! Flipping amazing! Thanks for the value!
Jerry I get it, this is genius!
Jerry I get it you're a genius
Literally GOLD !! Jerry your a flipping genius
Jerry, I get it, that's genius!
thanks jerry
PURE GAME.🤙🏽
Jerry happy to see this I really didn’t know the procedure but my title company has done it for me. I was amazed cause I didn’t know you could do this till they told me on one of my deals. But now I know how they did it and I know I have a great attorney that’s Wholeseller friendly. He has really took care of me I can call him anytime for answers and he keeps me in line with the rules. So greatfull. And big thanks to you and your amazing fast track class and for believing in me. Love u brother see ya again soon!
+Scotty Free
Scotty my man! Hey when are coming back to FT?! Can’t wait to hang out with you again!
Flipping Mastery TV I’m going to. Making plans. Couldn’t get ticket changed this time sorry spelled wrong.
+Scotty Free
👍👍👍
Jerry you are a flipping genius! but im more of a visual learner so could you do a look over your shoulder video of doing this showing you filling the contracts too
Here you go
ua-cam.com/video/DJYyJRPt_60/v-deo.html
Smartest thing I ever heard!
Thank you, this is my first deal and need to double close but did not want to pay any closing cost.
Jerry loving flipster and literally doing everything you’re saying and wow the success and professionalism it’s bringing my business is outstanding! So We’re under contract and we have an offer that we want to accept and the spread is LARGE woohooo . So instead of having the buyer sign an assignment of contract what would they sign in order to “hide” our fee ? Another purchase of sale ?
Yes another purchase and sale agreement. So happy for your success!
Flipping Mastery TV a buyer brought this to my attention. The home we have under contract is a massive 3 story that can be rented out as a triplex 2 bd 1 bath each floor but he then he brought up a concern. buyer : “If they maintained the rental license for the Tri, than you taking. But it reverted single fam.”and I have no idea how To respond or find this info. Help
Attending this virtual bootcamp will leave you thankful you didn't miss it here: fcg.isrefer.com/go/vbcreact2199/Checkinr it gives you everything you will need from 5 Ways to Get Started in Small Apartments
How to Make Seller-Financed Offers
16 Money-Making Small Apartment Strategies
How to Wholesale Small Apartments
How to Buy Small Apartments, Using Other People's Money
6 Steps to Start-Up and Scale-Up
Complete Marketing Systems
How to Find Deals
How to Find Buyers
How to Find Private Investors
1-on-1 Goal Session - Your Personal Plan
Thank you❤
Jerry you’re a genius
Jerry....thanks for helping me get my mind around this....much appreciated....👍
Love Jerry's stuff...dropping real knowledge here. If you or anyone out there needs help analyzing/underwriting deals or funding of their projects. Especially if you need double closing funds, would love to chat.
Great stuff!
JERRY You’re a Flippin Genius! Quick question though is this process legal in all 50 states? Also what title company supports this method?
Jerry! I got it!! Awesome!! Thank you so much!!! 😊
Excellent explanation. Thanks for sharing
Beautiful!
Indeed you are genius Jerry! Thanks for sharing this golden information.
This is magic
this IS Valuable content From An Experienced Real Estate Investor. its freaking awesome, provided clarity with the contracts i need. i already have eveyrthing plus more. its all about just focusing on getting the deal. a lot of value man thanks.
U are a genius
Jerry I get it that’s GENIUS 🤗
Jerry I get it your a genius!
Jerry I get it that's genius!
YOU are a GENIUS, Jerry!!! Thank you for your continued efforts in spreading knowledge about real estate.
+Justin Lee 👍🙏
Perfect Explanation!! Jerry i get it. Your a genius!!!!