@@FlippingMastery All my offers were getting declined, but I followed up with every agent I contacted and asked if they had anything coming to market soon. One of them did! I made $2,250. AND I now just got an offer accepted and I should make 12k on this second one!! I've made about 60 offers in total so far. My goal is to be full time at the start of 2023
Appreciate you, Jerry! That was my issue. I would setup 3 work blocks for the morning 1. Lead Acquisition 2. Run Numbers 3. Make Offers Run numbers (comps) was time consuming, so what I've learned from this video 1. Lead Acquisition(I personally do On Market Leads) 2. Basic Math Formula for that area for Ball Park Number 3. Make Verbal Offer If it's under contract THEN I thoroughly run comps Flipping Genius You Are, Jerry. THE MORE OFFERS I MAKE... THE MORE DEALS I'LL GET... AND THE MORE MONEY I'LL MAKE...
I imagine using your double-dip technique would soften up the agent to wanna relay the low verbal offer to the seller and if it gets rejected then you at least have a new agent contact
Really disappointed I failed after week 1. Only 11 offers submitted with another 6 agents talked to. Trying to get most of this done during my 1 hour lunch break. A lot of agents weren't answering, or they would hear my offer and shut me down, or I'd spend way too much time talking to them, or the seller had no equity and weren't interested in subto. Also working on a JV deal someone brought me. Gonna try to text 5 agents in the morning to set up calls with them at 10 minute intervals starting at 12:00, then have some back up listings on top of that to call the agent about.
I'm up for the 100 offer challenge! And when I get that deal I will definetly post it on the video because someone else entirely new will see the comment and know that it is truly a numbers game! GAME ON TOMORROW 8:00AM EST!!
Jerry, can you do a video on how the closing process works when wholesaling properties off of the mls. Most agents use traditional title companies that aren’t investor friendly. Also, do you put up emd with an inspection period or do you put emd and pay for an option period? Thanks, loved the content!
It’s ways around the the title company issues. If they don’t want to do assignments you can always use transactional funding and do a double close. That way you come to the table with cash to fulfill your cash offer you signed for. Then later that day or the following day your buyer will pay you the price you all agreed to, you pay the transactional funding company back and the you’re good to go
Jerry your'e a Flipping Genius!!! I'm taking you out to lunch/dinner Jerry when I get my first deal - your choice. I see know that I'm a on-market / REOs person. I like the double & triple dip technique because of the leverage. But, I LOVE you LLC strategy too for bank owned properties. From now on, it's ball-park comps because " motivation changes daily & weekly "!
Great walkthrough!!! One quick question During inspection period before cash buyers go out to take a look at property what offer are we giving them as wholesales? Our due diligence offer, then compare it with them, follow up with sellers for final offer ? Is there any reason title company might get involved during this period before having both contracts ?
Hey Jerry, You are a flipping genius! One thing that I have been wondering is where I can find title companies that are willing to interact with wholesalers now that all these regulations are coming. My experience is that most closers just avoid the business completely out of fear.
Dont evalute your comps. Buy it at a big discount 14:25 Justask questions about the property. Sign an agreement close to what the closes likeable comp sold for. And your goal is to only make $1000, then take it to the end buyer, and now you know how much you should get it under contract for, then you renegotiate and trying to make more then the $1000. Even 2k is great.
Answer: “I don’t need to see the property yet. I understand how to evaluate the value and condition without seeing it. Once we have an executed contract, during my inspection time, I’ll do a formal visit with my partners, investors and contractors to make sure there aren’t any surprises or unknown issues.”
3 deals a day would be crazyyyyyy. A deal is very different from an offer. There are levels to this sales funnel, it goes: 1. Call 2. Contact 3. Offer 4. Deal Then you go thru that process again with the cash buyer.
Great video Jerry you're a flipping genius! Question I'm starting out now, and I was wondering if I'm resided in Texas but wholesaling out of state- do I close with the title company in the state I'm operating deals in or here in Texas where I live for each deal regardless of the state?
@@traveltheworlda3629 I figured it out. You operate with the title company in the state you're closing each deal in. You do in a deal in AZ -> Use wholesaler friendly title company in AZ
With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com
Great video !!! So I think the hardest thing possibly, might be getting a hold of people to make offers to. How long are you having to call to get a hold of someone that will actually talk to you and then have the conversation to actually be able to give them an offer? It seems like that would take much more than an hour to make 5 offers
Remember there’s On market and Off market. Off market is going to more of a challenge because you may need to Drive for Dollars or Cold Call a list Vs On Market agents are waiting to talk to you.
*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
Question how can I make an offer without running any comps beforehand to get a idea of what to offer even if it is a low ball? Because wouldn’t I want too over/under ball a number when presenting a offer
Hello Mr. Jerry I've been studying wholesaling but I've never took that leap I think you call it Analysis Paralysis but I really want to make that first deal...help!! I hope you read this
I have 1.8 acres, that has two houses on it that needs to be demolished, located in north Miami, with two 3 story apartments buildings next to it. It’s section 8 apartments, trying to wholesale it to a developer builder. Or the city?. What would jerry do. What if i can get the land for just under a million and sell it for more. 1.8 acres
I've tried calling your team. I can find properties. I was an agent, then 20 yrs in marketing for government, non profit, B2B, B2C, helped my dad start up his company. Want to flip. My daughter just graduated. I'm now a licensed PM in SC. I can do $1k or something else?
Every time i try and download the free analyzer or any other "free" PDF, I always have to enter my email and watch your hour long video after that. So confused.
*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
I have an offer for anyone in the comments or Jerry, I need a mentor I need someone to teach me in the next 30 days. ill be giving 15% of my first 10 wholesales as payment to anyone how can mentor me. I know Jerry has given us everything we need to succeed but I Im having a little trouble pushing forward.
No just a proof of funds letter but if your buying a house for yourself to get a mortgage then yes you will need to be pre-approved. Your a wholesaler your all cash you don’t have to do all of that
With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com
Thank you Jerry, people like you make it impossible for people like me that needs a home. Flippers make me sick and they come in put down paper floors ,paint everything grey including cabinets. It looks like shit Jerry
![6 Challenges to Overcome Wholesaling On-Market Properties [LIVE]](http://i.ytimg.com/vi/8apKWY0Douw/mqdefault.jpg)
![6 Challenges to Overcome Wholesaling On-Market Properties [LIVE]](/img/tr.png)
![Simplify Your Offer Numbers! | Wholesaling A Million Dollars A Month Masterclass [Video 5]](http://i.ytimg.com/vi/_wgdYy-usUk/mqdefault.jpg)
Deal #1 done. Money wired into the account!
Tell me all about it
@@FlippingMastery All my offers were getting declined, but I followed up with every agent I contacted and asked if they had anything coming to market soon. One of them did! I made $2,250.
AND I now just got an offer accepted and I should make 12k on this second one!! I've made about 60 offers in total so far.
My goal is to be full time at the start of 2023
I spent 6 months doing dfd before this and never got a deal. Now I'm locking stuff up with no marketing and way less of my time spent.
@niklashilmoe1118 Amazing, are you a full time wholesaler now?
@@FlippingMasterygreat info
Appreciate you, Jerry!
That was my issue. I would setup 3 work blocks for the morning
1. Lead Acquisition
2. Run Numbers
3. Make Offers
Run numbers (comps) was time consuming, so what I've learned from this video
1. Lead Acquisition(I personally do On Market Leads)
2. Basic Math Formula for that area for Ball Park Number
3. Make Verbal Offer
If it's under contract THEN I thoroughly run comps
Flipping Genius You Are, Jerry.
THE MORE OFFERS I MAKE...
THE MORE DEALS I'LL GET...
AND THE MORE MONEY I'LL MAKE...
What market are you in
@@lawrencegreen9128 VA - FL - TX
@@ra-elbey4593 Have you gotten any leads in Va, if so what areas?
@@louisvuitton546 Richmond is a good area.
@@ra-elbey4593 have u closed any deals?
First property under contract using this method!
I imagine using your double-dip technique would soften up the agent to wanna relay the low verbal offer to the seller and if it gets rejected then you at least have a new agent contact
Correct
I got so happy when the clarity changed and I didn't have to squint anymore. XD Thank you for the great information Jerry!!!
Really disappointed I failed after week 1. Only 11 offers submitted with another 6 agents talked to. Trying to get most of this done during my 1 hour lunch break. A lot of agents weren't answering, or they would hear my offer and shut me down, or I'd spend way too much time talking to them, or the seller had no equity and weren't interested in subto. Also working on a JV deal someone brought me. Gonna try to text 5 agents in the morning to set up calls with them at 10 minute intervals starting at 12:00, then have some back up listings on top of that to call the agent about.
if you're calling during lunch, could just be that the agent is on lunch as well.
Jerry Norton, your a flipping Genius!
This is so Good! crushed it!💪🏽this might be my favorite video you've ever done
🙏🙏🙏
I'm up for the 100 offer challenge! And when I get that deal I will definetly post it on the video because someone else entirely new will see the comment and know that it is truly a numbers game!
GAME ON TOMORROW 8:00AM EST!!
how did it go for you?
You get it?
Did you get that deal? I just started and about up close a deal. 2 offers accepted my first week
Game on? Looks like game over ))
Thank you Jerry
Thanks Jerry your a flipping genius
Jerry you are a flipping genius!
Great info!!!!!👏🏾👏🏾👏🏾
All of this is PURE GENIUS!!🤓👨🎓
Hey Jerry
David from Avondale AZ
Keep doing the video very helpful and motivated thanks for your time
great video! Thanks
Jerry you don’t miss 🤝
Thank you Jerry, you are a flipping genius, I am getting my scripts, finding sellers and calling.
This is absolutely awesome! I'm going to try this out. Thank you for sharing!
Fantastic
im gonna take this challenge and start today.
Thanks Jerry! Great guide to follow.
Sublime content from a master!!!
Always make the offer regardless of asking price.
Wooooooow. Great Video 👍🏻👍🏻👍🏻
I really appreciate these videos Jerry!! 🔥💯💪🏾
Jerry, can you do a video on how the closing process works when wholesaling properties off of the mls. Most agents use traditional title companies that aren’t investor friendly. Also, do you put up emd with an inspection period or do you put emd and pay for an option period? Thanks, loved the content!
It’s ways around the the title company issues. If they don’t want to do assignments you can always use transactional funding and do a double close. That way you come to the table with cash to fulfill your cash offer you signed for. Then later that day or the following day your buyer will pay you the price you all agreed to, you pay the transactional funding company back and the you’re good to go
Jerry your'e a Flipping Genius!!!
I'm taking you out to lunch/dinner Jerry when I get my first deal - your choice.
I see know that I'm a on-market / REOs person. I like the double & triple dip technique because of the leverage. But, I LOVE you LLC strategy too for bank owned properties.
From now on, it's ball-park comps because " motivation changes daily & weekly "!
Great walkthrough!!! One quick question During inspection period before cash buyers go out to take a look at property what offer are we giving them as wholesales? Our due diligence offer, then compare it with them, follow up with sellers for final offer ? Is there any reason title company might get involved during this period before having both contracts ?
Great question I would love to know as well
Still working and uploading doing Natural Disasters, and supporting a cause, thank you Jerry
Awesome!
flipping genius
Should I used the instant offer calculator or your deal analyzer? I want to get these offers out quick. I really want to try this 100 offer challenge.
Hey Jerry, You are a flipping genius! One thing that I have been wondering is where I can find title companies that are willing to interact with wholesalers now that all these regulations are coming. My experience is that most closers just avoid the business completely out of fear.
Not all. Find a wholesaler friendly title company
This is not anywhere near accurate. I found a wholesale friendly title company after the 4th or 5th title company I called
So I would assume these offers would be for on market properties?
Doesn’t matter. 5 a day
Does this method work with agents as well? Making offers to agents
Yes
Haha came within an inch of closing. On to the next one.
I’m still confused on the ballpark offer? How do I get one? Also if I run the comps after and it’s significantly lower what do I do then?
Dont evalute your comps.
Buy it at a big discount 14:25 Justask questions about the property. Sign an agreement close to what the closes likeable comp sold for. And your goal is to only make $1000, then take it to the end buyer, and now you know how much you should get it under contract for, then you renegotiate and trying to make more then the $1000. Even 2k is great.
The warm leads is what I need
What do you say when the agent asks if you've seen the property in person yet?
Answer:
“I don’t need to see the property yet. I understand how to evaluate the value and condition without seeing it. Once we have an executed contract, during my inspection time, I’ll do a formal visit with my partners, investors and contractors to make sure there aren’t any surprises or unknown issues.”
What do you do after you have the seller ready to buy from you??
I'll do this challenge
Jerry, have you called agents on the weekends? Or do you text them and have them call you when they get a chance?
Text then call
I live in Canada. Will all these softwares work in Canada if I downloaded them?
would on market deals already be considered as a warm lead?
Yes
My goal is 3 deals per day but 5 very possible.☝️
3 deals a day would be crazyyyyyy. A deal is very different from an offer. There are levels to this sales funnel, it goes:
1. Call
2. Contact
3. Offer
4. Deal
Then you go thru that process again with the cash buyer.
Great video Jerry you're a flipping genius! Question I'm starting out now, and I was wondering if I'm resided in Texas but wholesaling out of state- do I close with the title company in the state I'm operating deals in or here in Texas where I live for each deal regardless of the state?
GOOD !! question why didn't he reply??
@@traveltheworlda3629 I figured it out. You operate with the title company in the state you're closing each deal in. You do in a deal in AZ -> Use wholesaler friendly title company in AZ
How can you overcome a proof of funds letter? Thank you jerry your a Flipping genius
With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com
Great video !!!
So I think the hardest thing possibly, might be getting a hold of people to make offers to. How long are you having to call to get a hold of someone that will actually talk to you and then have the conversation to actually be able to give them an offer?
It seems like that would take much more than an hour to make 5 offers
Remember there’s On market and Off market. Off market is going to more of a challenge because you may need to Drive for Dollars or Cold Call a list Vs On Market agents are waiting to talk to you.
@@lawrencegreen9128 Very true, that has to be what he's talking about on market deals
Your thoughts on Zach and nick?
Hey jerry I can I get a copy of the offer sheet. I’ve been trying to get it from the link and it never send it to me. Everything updated but that 😊
*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
Hello I’m a real estate agent and I would like to work with you on wholesale deal.
Question how can I make an offer without running any comps beforehand to get a idea of what to offer even if it is a low ball? Because wouldn’t I want too over/under ball a number when presenting a offer
He used to make offers at 60% of the Zillow estimate. Try that.
Where do u find cash buyers. Thats where I struggle
When you say make offers, are you talking about a KPI of the number of offers made or of the offers ACCEPTED?
Offers made
@@FlippingMastery Cool, can you make some videos on how to do followups.
If you need a property manager in South Carolina please let me know
Hello Mr. Jerry I've been studying wholesaling but I've never took that leap I think you call it Analysis Paralysis but I really want to make that first deal...help!! I hope you read this
Start here
fasttrackwithjerry.com
I have 1.8 acres, that has two houses on it that needs to be demolished, located in north Miami, with two 3 story apartments buildings next to it. It’s section 8 apartments, trying to wholesale it to a developer builder. Or the city?. What would jerry do. What if i can get the land for just under a million and sell it for more. 1.8 acres
Hey Jerry, where can I find your offer sheet?
My support team would be happy to help with that! Please reach out to them at: support@flippingmastery.com or (888) 958-3028
I've tried calling your team. I can find properties. I was an agent, then 20 yrs in marketing for government, non profit, B2B, B2C, helped my dad start up his company. Want to flip. My daughter just graduated. I'm now a licensed PM in SC. I can do $1k or something else?
Every time i try and download the free analyzer or any other "free" PDF, I always have to enter my email and watch your hour long video after that. So confused.
*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
@@FlippingMastery you’re flipping amazing Jerry, thank you! I got it all straightened out.
what does "KPI" mean?
Key performance indicators
I don't understand how u come up with a number to offer If you aren't running comps
Warm leads?????
On market leads are good warm leads in my opinion.
Biggest challenge is proof of funds and Earnest money ($500-$1000)
@@lawrencegreen9128, you are right. That is my biggest challenge. How would a person fix this? An answer will be great.
@@howto2882 I agree as well.
What is a reasonable profit margin for wholesaling in Detroit? 5000-10000?
💥💥💥💥💥
I have an offer for anyone in the comments or Jerry, I need a mentor I need someone to teach me in the next 30 days. ill be giving 15% of my first 10 wholesales as payment to anyone how can mentor me. I know Jerry has given us everything we need to succeed but I Im having a little trouble pushing forward.
DO MOST REAL ESTATE AGENTS WANT YOU TO BE PRE APPOVED BEFORE YOU MAKE AN OFFER ?
They just want you to have proof of funds letter.
No just a proof of funds letter but if your buying a house for yourself to get a mortgage then yes you will need to be pre-approved. Your a wholesaler your all cash you don’t have to do all of that
With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com
@@FlippingMastery that is definitely a gem 💎
Thank you Jerry, people like you make it impossible for people like me that needs a home. Flippers make me sick and they come in put down paper floors ,paint everything grey including cabinets. It looks like shit Jerry
No one cares
Great content as always Jerry. Your the wholesale 🐐🦾