How to Make 100 Offers A Month
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- Опубліковано 20 лип 2024
- You can't get deals unless you make offers. I'm going to show you on this video how to make a hundred offers a month and do it in a fraction of the time.
FREE Guide to Working With Agents and Making Offers:
flippingmastery.com/quickstar...
Jerry Norton is 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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#RealEstateInvesting #FlippingHouses #MakingRealEstateOffers
I have no idea why this guy is not getting the attention as other investors. Me and my husband have made good money wholesaling from just watching his videos - no one else's! We are now able to hire VAs and working on flipping ourselves.
how much do you guys typically make a month and how many properties do you flip and wholesale a year? i understand if you don’t feel comfortable responding have a great day
@@ryanlopez8128 12
I honestly believe JN doesn't get the same attention because he's very transparent, there's no gimmick with Jerry. I can't stomach most of the RE investment channels because they over hype everything, they act like complete overly energetic goof balls or they come across as if they have the magic 'secrets' to RE Investment success. JN always says "make more offers". Thats the 'secret'.
Thank you!!! He is too damn good to not get his FLOWERS!!!
I’m in the current situation as well spent yesterday on a computer while watching videos found a few properties that look interesting but I seem to be stuck although Ik what to do for the next step still stuck
Takeaways:
1) Don't be afraid to put offers out in the marketplace.
2) A lowball offer uncovers seller motivation.
3) Find it. Analyze it. Make an offer on it.
Loved the tip about doing quick analyses to determine whether a property is worth pursuing further. Analyzing deals quickly and efficiently saves time and helps in making timely offers.
Just made my first offer after watching maybe 40+ hours of your videos sir. My goal is to make around 5 a day here in the Utah market. Ready for the grind. Thank you for making your content so available for people like me to have a chance at a better family lifestyle!
How did you get proof of funds?
have you run into any POF problems with agents, or is there a way you got a letter?
How’s it going?
@@marcusmykel4927 Its part of flipster (soft proof of funds).
"You can't get deals unless you make offers"
Ain't that the truth. In the online marketing world, that same quote is the "secret to success"
I'm starting to realize, that is the secret to ANY business.
Bingo!
to make offers you need to know the property addresses & seller's priorities
Sonya Wiley here, You're amazing, I'm so glad I'm learning from you. Than you
Jerry you are always helpful!. I think people are more scared than lazy… Real estate you have to go out and do it, you can study all you want but eventually you got to put the rubber to the ground. I’m very grateful for you because I’m exactly doing that
Its true. A lot of people can't handle the constant rejection
You just open my eyes thank you jerry
Dude youre one of those people I wish could personally meet and thank!! People that share info like this are the best!
Thank you, Jerry. Your content makes things so clear!!!
Jerry - you're a real G. I've spent thousands on Wholesaling Education and you sum up everything here precisely. Why do some guys offer courses and education for a price and you just do it here for ...... free?
Hell. Me too
4:33 - 4:36 The face and tone used when looking at the camera that enforced “Free” Was priceless. Watched it 5 times over. Direct to funny bone!
DO NOT FORGET the 20% rule. I wanted to see how accurate the instant deal analyzer was for my own piece of mind. I ran an instant deal offer on a house pricing 120K and got 55K (54% Lower). Ran the comps and did a detailed analysis and got 72K (40% Lower). If I spent more time doing the comps and sent the offer, they could still have said no and I would have wasted more time, than just sending the first proposal. The 72K is my MAO which means even if they counter, if you're a wholesaler or a flipper, means digging into your profits.
Jerry your videos r helpful following step by step in real estate. Jerry we need more people like to get on the wright track
mr. Norton YOU ARE A FLIPPING GENIUS. im thankful for and everything you do sir. Thanks again..
Amazing information.
Thanks again. You always deliver!
Thank you Jerry wish you and the fam the best
Wow!!! You are literally literally a flipping genius. It came back to you!!! Today, I'm not scared anymore. 5 offers a day. Thank you mentor in my head 😂😂😂
If you can’t comprehend watch it until you can, have someone explain it to you. It’s a brilliant formula!!! Great Job!
🙏🙏👊
Well said that's very true I'm gonna replay a few times so I can resight the whole thing.
You sir are a FLIPPING GENIUS! Working on streamlining my acquisitions to match this method, 💎💎TY!
It took me a couple times watching to completely grasp it. But this is hands down the most potentially profitable video I have ever watched.
Mann you're killing best info out here💫💫👊👊
Jerry is the man. JERRY! YOU ARE A FLIPPING GENIUS!!
Magnificent Video!! 🔥💪 I enjoy your content! 👍
You Freaking Flipping Genius Jerry Norton! Incredible free info! Time for me to put this strategy to work!
Wow going back and watching these older videos. That hair upgrade was a phenomenal investment sir.
I've been searching for a good person that has knowledge and know how to explain the whole process of flipping houses.
this guy is by far the best one.
i wish to have you here on Chicago west suburbs.
I really want to start flipping houses.
please, if you come to Chicago area let me know.
I've been reading your docs and watching all your videos.
+Heron Leal
Awesome! And thank you. I’ve done several flips in the Chicago market. Most recent in glen Ellen. Great market for flipping!
@@FlippingMastery I've been watching all your videos
but it is so much information man.
I wish to have a start point.
Heron Leal
Good place to start
My10kcheck.com
F...k i just made 5 offers in 5 minutes. ITS THE MINDSET BABY.....THANKS SO MUCH
Mr. Jerry Norton you are the BUSINESS!!
This is awesome! Do you have a how to video on making offers on the mls as an agent and investor?
This makes all the sense in the world thank you
Love this! Thanks Jerry!
So are you saying these were on market offers?
Soooo My major take away is If I make 5 site unseen offers an hour and do that for 8 hours monday though friday and think of this as a full time job that wold be thats 800 a month
God opened our eyes through your knowledge sharing Mr. Jerry.
Very helpful video!!
Hey Jerry! I just tuned in to videos. How can I get access to the formula you mentioned?
Thank you Jerry! Just one question, when I use flipsters formula what is the number that I am comparing to the ask price in order to see if it is within 20% of the asking price?
To be honest Jerry Iv been afraid to make an offers bcuz I feel like what if my offer is bad ; I gotta get out of that ASAP. The 20% strategy is good way to just make the offer
👍 thanks I'm getting my first deal this month
Great knowledge Jerry you Are a genius flipper! I would like to be You one day!
Thank you!
QUESTION: I mainly work with agents in on market deals. How do you submit the offer? Verbally? Email?
Now asking price vs ARV..... SO I was taught based on arv... should there still be major arv add above that asking price so that your 20% below price makes sense in the after repairs cost?
Hey Jerry, just joined the 10 k club. really interesting video. Let's see if I am understanding this well. What you mean is to use the instant deal analyzer, get the average price/Sq ft of that specific zip code and use the 70% formula minus potential rehab cost for the number the software gives us and if the number we come up with is over 20% lower than listing price, then we make the low ball offer, right?
Great stuff
Jerry, when I talk to agents, at what point do I start asking them to tell me or to find out from the seller about the condition of the house and other info?
You're a Flipping Genius.
Thank you so much
If you don't run comps on the property, what are you using as an arv to use in your buy formula? Also what are you using as a repair number?
Surely to work out a rough ARV you would need to check some comps beforehand?
I love you man thanks 🙏
100 Offers a month sounds great. Even better is the 10 an hour that you can knock out! Based on your playlist on how to work with agents, my partners and I have been trying to figure out how to scale up. We have been using Flipster, but also want to take advantage of making the seller financing offers that you discuss elsewhere on your channel. What would be the pros & cons of using a simplified offer sheet to outline the offers on one page and then following up with the contract in Flipster (Or state approved contract for MLS deals). I would think that would save some time, but I don't want to reinvent the wheel.
Excellent. Thank you.
🙏👊
Great video. What tool are you using to make these quick analysis?
Beautiful!
hank you for taking the time to teach me how to gain more freedom. Please share your ten-step guide.
Lisa T
10 steps to do your 1st wholesale deal blueprint:
drive.google.com/file/d/1RKBm2685XQoPKV6U8ql6nILsu2q-l2fC/view?usp=sharing
Hi Jerry, I have to say you're awesome!
Question: shouldn't we make an site unseen offer on the ones within tge 20% as well in order to get a contract on those properties as soon possible and tie up the property before someone else?
It's a number s game u want to make big 💰 put up big numbers ( thanks Jerry your videos are the secret sauce to being successful in this business you just have to put in the work )
👍🙏
Jerry I feel like I'm learning a lot but feel like an idiot at getting the right leads and getting the right numbers 🤣 u make this look easy
Thank you jerry
+Michael L 👍
You are a great teacher
+Wilhem J. Lobo Guzmán 🙏🙏
Nailed it!
Quick Question: (I completely understand the 20% over and under process) but the actual offer process is what I have a question about... When reaching out to the Listing Agent, are they generally offering to make a verbal offer first to the seller, no matter where your MAO number is (unless its over list price) &Unless they (agent) feel the seller may accept your MAO offer, then they present a written offer? Because what if the agent still doesn’t believe the seller would accept even $5k under list price... (I know its not the agent job to determine that), but we HAVE to work with the seller through them. So, what I trying to say is, Unless the agent knows the sellers bottom line, do we just suggest and motivate(double-dip) that the agent always make a verbal first? How do we or when do we come about the written through the listing agent?
Hey, Jerry! Great video.
So , just to clarify, I can:
1. Use your free software to evaluate deals on the MLS
2. Use your free software to submit multiple offers daily to real estate agents
3. Teach a virtual assistant the system that you use
4. Close deals
5. Rinse and repeat
Yes!!
@@FlippingMastery is there a limit on the amount of offers I can make? Or on the number of different markets (cities) in which I can use the software?
No but I recommend focusing on 1 market at a time.
@@FlippingMastery does your software work for offers on multi-family properties?
I had an ah-ha moment. When I first watched this video I couldn't grasp the concept. Than I started looking at my numbers and noticed some of my offers where close to the asking price. That's when the "20% rule" popped in my head. I was like: thats what Jerry meant. I needed to see it for myself.
Thanks again.
Hi Ronald,
I have watched this video about 100 times and still can't grasp the concept, I've looked at my numbers, for different properties, for a few weeks and I still can't "crack the code" if you could please help me out, as to how you understood it, it would be greatly appreciated.
Thanks,
Chris.
Hi, Jerry. I've been watching all your videos and absorbing all of the knowledge. In one of your videos you mentioned we can use your POF to make on market offers. I want to do this! How do I get access? Through Flipster?
www.my10kcheck.com/
or
getflipster.com/
@@FlippingMastery thank you! Eeeek, I'm so excited!
You are the man
So, it doesn't matter how close to the A R V (whether over or under) their asking price is?
Hey Jerry! Do you have any examples of the contracts you use to include realtors? I've never included a realtor in it, or made offers with a real estate agent/on the MLS. thanks!
+Modern REI
You don’t have to worry about. The agent will use their state approved contract
@@FlippingMastery it would just have to include contingent plans where you could back out of anything doesn't seem right Jerry's got another video about that 10 things to include on the real estate deal
Hey Jerry what is you Quick Analysis formula?
Jerry you're a flipping genius! 💯 Been watching you every single day, thank you so much for everything you do, but how is it that you can make 10 legitimate offers in 30-60 mins when it requires the time needed to call the seller/agent to discuss the property? That'd be an average of 3-6 mins per call back to back...am I missing something here or can it be that easy to put offers in at times??? PLEASE TEACH ME JERRY! 💲💲💲
Who you gonna call - Jerry Norton!
Jerry have a question for you does this works in sellers market as well since there is low inventory in market.
Hey Jerry! I had this same idea. But as an agent, I don’t feel comfortable, writing wholesale offers to agents in my market.. any advise?
Your the best Jerry! By the way I did purchase Flipster!
I want to purchase it but I wanna know how it’s been working out for people who used it! Please respond with your feedback!!!! 🙏🏼
Hey Jerry, I am submitting an offer today and I know I watched a video of yours that stated what to include in your offer. Can you direct me to that video or the link to the download? Thank you. You have helped me greatly just by watching your videos. Thank you
Hey Jerry,
What formula do you use for your quick analysis?
Hey I know this is an old video but I have a quick scenario question for ya Jerry, most properties on the mls aren’t completely distressed so when it comes to calculating repairs do I just estimate how much it would cost to update the property? Most cash buyers for those properties are just buy and hold investors right?
If you’re wholesaling, it all depends on what your ideal buyer is going to do to the property. If it’s a fix and flipper, factor a rehab, if it’s a buy and hold, not much for rehab.
QUESTION! FIrst thank you for all the lessons. I'm on my way to my first deal.
When making site-unseen offers, would you send an official offer in a contract or just do it verbally?
Also, I have Flipster but I feel like I am not using it to the fullest. Could I contact you and make sure I'm doing things correctly?
How are you able to make offers without looking at comps or calculating ARV? And is the preferred method of making offers by e-mail or text, or over the phone?
what kinds of things would i need to know if im doing a detailed analysis of a property? i.e. contractors and what is a "comp" cost/ value?
THIS VIDEO LANED IN MY FAVORITES FOLDER
Jerry, what’s the best way to send an offer? Do you have an example of a professional way or anything?
Jerry great video. If you don’t pull comps to figure out if you are more than 20% than the asking price, who do you know what the offer will be be? And if you not looking at the property how are you determining the rehab cost in the equation? Thank you buddy.
my deal analyzer instantly runs a big picture analysis. my new comp tool is fast as well. this may help: ua-cam.com/video/daDRtCyqsbo/v-deo.html
Unless I missed it, what is the formula you're using to determine if you're w/in the 20% of the sellers asking price to know if it's a deal or a dud?
+Cheap Michigan Property
Video about House flipping formula
ua-cam.com/video/1ur3AJ8ZB3s/v-deo.html
How are you supposed to do a quick analysis without any comps to estimate the arv?
so would you want to look for 20% below "current zestimate", 20% below "real arv" based on actual recent fix and flips, or 20% below owners subjective asking price ? since alot of sellers still think they can get unrealistic prices. thanks
Man you are the truth‼️
Where can I find how you present your offers? Is there some sort of offer packet, mail template, etc.?
Hi Jerry- is there another video that shows how to filter out “qualified leads”?
When doing virtual deals, do you have to be at the closing office when the deals are out of state? Or does the realtor handle everything for you? I guess U can do a video call, I was just wondering.
Hey Jerry , when you make the quick offers are you emailing the sellers without speaking to them ??
Thanks for all your doing in the RE Community!
Once again, good info, Jerry.
So, how does one actually do a quick analysis w/o looking at comps? How does one come up with a number based on assumptions? And, what are those assumptions?
Keith Mace same thing I’m wondering. It makes no sense to me
you could run some comps but repairs you could make assumptions (if you have experience)
To me it sounds like he figures ARV and MAO and if asking price is within 20% of that number he makes the sight unseen offer
He said that he has a free software that would calculate that rough ARV for you.
You can pull comps quite fast in Redfin without digging too deeply. Then just take the price per sqft to make a quick approximate offer.
Hello Jerry. Does this 100 offers in a month strategy involve real estate agents and MLS-listed properties? Is it reasonable to ask an agent to submit that many offers?
Jerry, does this video and advice still hold up in todays market?
Jerry, I love you and your teachings. I'm just a grammar freak... Here I am thinking it should be "sight unseen," as in vision, but you mean "site unseen" as in the property site...? Funny how that's a double entendre... Grammar freaks, which way should it be? Whatever the case, back to your teaching. I really appreciate you!!!! (P.S. This word nerd did find typos in your 8 week academy presentation. For a fee, I'll do all your proofreading. Never hurts to ask. Ha ha)...!
Jerry I just got Flipster and I love it. It’s a real game changer. I want to make 5 offers a day, but I want to make sure I get a good ARV before making offers. The only way to do that is to comp. Am I over thinking this all? Should I just plug my numbers into the deal analyzer and roll with what it gives me? Thanks for your help!
Yes, utilize the softwares.
Does this formula still apply or would you adjust it for the current situation?
Hey, Jerry. Thanks for the great content. My wife and are have been small time flippers, we haven't scaled yet but we are planning to. Do you think this strategy would be beneficial for us even if we are currently only rehabbing one property at a time?
+Mark Gabryel
Yes this will help you do more deals. You shouldn’t be rehabbing yourself. Watch this:
ua-cam.com/video/3EgZXMN-PVY/v-deo.html
Trying to get creative on my first contract on the ocean in the keys, place is rough but next door is a botel for boaters close to a sale that that agent will try to introduce it to her buyer at the right time.offered to split my 20k wholesale fee. 5 offers tomorrow cant sit still or waste time. Needs so much work locals are scared.
+Russell Cardinal
Nice Get after it!
What is your exit strategy for Houses less then 20% of ARV?