How To Make A Low Offer On A Distressed Property - LIVE Call Breakdown

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  • Опубліковано 17 лис 2024

КОМЕНТАРІ • 180

  • @mikemccarthy2609
    @mikemccarthy2609 3 роки тому +86

    A good rule for sales discovery is close-ended questions are for confirmation, open-ended questions (sentences starting with who, what, where, when, why how) are for conversation.

  • @Jollofpappi
    @Jollofpappi 2 роки тому +21

    Watching this made me happy. I lost my dad a few days after I turned 17 and I always wished I learned more from him. I'm 27 now and think about him every day. Anyways, great video! Thank you Jerry for taking the time to teach us!

  • @donwaun2325
    @donwaun2325 3 роки тому +50

    This should definitely be a series. Teaching the kiddo your flipping ways.He is going to be a mini flipping genius under your wing! This is great!

  • @codyrodriguez428
    @codyrodriguez428 Рік тому +2

    This is awesome, cold calling in my state and very close to me.

  • @nickfazzio5277
    @nickfazzio5277 3 роки тому +12

    I got 3 boys - 7,6 & 4. We home school them and I have visions just like this of adding wholesaling, flipping, rentals, property mgt to their homeschool curriculum. I’m planning to pass the vid to my wife this evening. Hopefully she’ll get over you referring to him as #3 in the beginning. Hilarious man. Johnny is gonna be a STUD one day if he chooses to follow in dads footsteps.
    Side note - thanks for creating this video with the live call, tremendous value here!!!!

  • @dr.jasonbaca
    @dr.jasonbaca 2 роки тому +2

    I love that you call him "#3" 😆 We have 4 kids, and we often refer to them as "K1", "K2", "K3", and "K4". You're a great father, Jerry. Trying to be like you one day. Love you bro!

  • @psgproductions437
    @psgproductions437 2 роки тому +5

    Again, Genius man! Thanks Jerry and team! We are getting closer guys, and we cant wait! we wont wait, we will continue to go and get it. A few fails so far, which is a good sign; just a matter of time! 100 attempts, here we come!

  • @dermaamore1186
    @dermaamore1186 3 роки тому +14

    Hello Jerry! I love how you call your kids by numbers. Also thank you for being so generous of sharing with us all the gems and mastery of flipping.

  • @Red_Noize
    @Red_Noize Рік тому +1

    Man Jerry I love listening to these they are all in my backyard!

  • @MaliceClip
    @MaliceClip 3 роки тому +13

    I missed the watch me wholesale series🥺 thank you Jerry!

  • @tonydeeds6977
    @tonydeeds6977 3 роки тому +4

    These are my favorites videos when your on the phone with seller's and agents.

  • @timreicher8782
    @timreicher8782 3 роки тому +2

    Jerry not only was that a great how to talk to Realtors..it was also a great dad moment between you two..i wish that was the relationship my dad took with me..loved watching this for real estate coaching as well as real life coaching your son.. your a flippin good dude

  • @campkeefer
    @campkeefer 3 роки тому +4

    Fresh sub here!!!
    One of the best cold live exchanges with an agent I’ve ever heard. No labor detected in your rapport building.
    Very well done! Your homegrown team has a great coach!

  • @markmodenessi9488
    @markmodenessi9488 3 роки тому +8

    Great video. Just going through similar situation with a real estate agent. Great insight on how to talk to an agent. I really appreciate your explanations and it has helped me navigate conversations with agents who are good to work with and try to build a relationship with them. Thank you Jerry.

  • @TechOutAdam
    @TechOutAdam 3 роки тому +1

    I've been following Jerry's work since he's been with Than Merrill like 9-10 years ago. Everytime I hear him on calls it brings back memories of when I started. I love these calls!

  • @PqraNoiia
    @PqraNoiia Рік тому +3

    Honestly impressed with this phone call, sounded like you 2 were friends casually talking

  • @franklinhernandez4856
    @franklinhernandez4856 3 роки тому +3

    You make this look so easy and effortless that I want to pick up the phone and start making calls RIGHT NOW! 😎 Jerry, you're a flipping Genius!!

  • @shericebsperspective
    @shericebsperspective 2 роки тому +1

    Psychology! Jerry is a flipping genius! 💯

  • @mviofpr
    @mviofpr 3 роки тому +5

    Good morning!!! Watching you from San Juan Puerto Rico.
    You’re a Flipping Genius!!

    • @mviofpr
      @mviofpr 3 роки тому

      I am a Prime FlipSter Member. Love it!! Learning and taking Massive action in my life!!!
      Can’t wait for you to add Puerto Rico to FlipSter or your 100% funding program. 💕💪🏼

    • @FlippingMastery
      @FlippingMastery  3 роки тому +2

      Saludos de palmas del mar!

  • @bigmamaL
    @bigmamaL 3 роки тому +2

    I'm from Detroit. Sometimes I catch familiar streets and names, always wondering if that's where you're talking about... East point, Troy, etc. Cool.

  • @jake3518
    @jake3518 3 роки тому +3

    Hey Jerry, I am 20 years old and have been watching your videos for a couple months now. I really want to wholesale and I’ve seen a lot of your videos about wholesaling from offers to finished. But could you do a video of you from calling the seller to looking at the house in person and the contract they give you to make sure in the contract that it has the right for you to assign the contract to an investor or buyer? I really want to wholesale but still confused on all the contracts that are thrown around during the wholesaling steps haha. Thanks!

  • @michaelhokenstad4946
    @michaelhokenstad4946 3 роки тому +6

    Just dropped out of GVSU to wholesale with my dad, learning a ton from your channel! We’re in metro Detroit as well!

  • @shannonstiles9838
    @shannonstiles9838 2 роки тому +1

    Getting to do this with the kids it’s worth it’s weight in gold

  • @javierespana2807
    @javierespana2807 3 роки тому +2

    First, you must know the property neighborhood. Second, you must know how much you will invest in the rehab. Third, you must know the comparable sales

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Рік тому

      @javierespana2807, How are you since your last post? If you ever need help with funding your transactions, feel free to reach out. I would love to help anyway that I can.

  • @dorischow1248
    @dorischow1248 3 місяці тому +1

    This is a real great tutorial video!

  • @JimBob-wi3rq
    @JimBob-wi3rq 2 роки тому +1

    Great video Jerry! Loved seeing the mentor convo with your son!

  • @mviofpr
    @mviofpr 3 роки тому +3

    I am a PR Lic Broker & your #1 FlipSter full time student, 10K Club member and 100% Funding Pilot program. If I can be of any help to you with your idea of wholesale association etc. I’ll be more than bless.

  • @sergioaguinaga9619
    @sergioaguinaga9619 3 роки тому +3

    Metro Detroit 210k. Sounds like Ferndale, Dearborn, or St. Claire Shores 👀 jk, good video. I like how you’re training him.

  • @JustinSmith-ic7xk
    @JustinSmith-ic7xk 3 роки тому +3

    Jerry and Pace teaching the next generation!

  • @RealEstateMan85
    @RealEstateMan85 2 місяці тому +1

    His son is a great kid!

  • @Ric.Huerta_HMB
    @Ric.Huerta_HMB Рік тому +1

    My guy Jerry 🫡🫡.. get how you’re teaching your son at a young age. He will grow to appreciate what he’s worked for. Great parenting 🙏🏽

  • @scoobybleu
    @scoobybleu 3 роки тому +7

    The apple didn’t fall far from the tree. Flipping Genius 2.0 or should that be #3.0 😁

  • @amazuobi8471
    @amazuobi8471 2 роки тому +1

    My name is Obi
    I love your videos on UA-cam.
    You are a great teacher.
    Love the way you encourage people to do all they can when it comes to Real Estate.
    Your information are always useful
    Please get back to me so we discuss more on how to make it a reality thank you

  • @BAPJR
    @BAPJR 3 роки тому +26

    "Number 3 found this...." LOL I guess when you have 10 kids their names just become numbers .

    • @gregc4878
      @gregc4878 3 роки тому +16

      Maybe it's to preserve his children's anonymity?

    • @TheSisUNeed
      @TheSisUNeed 3 роки тому +3

      @@gregc4878 I couldn't agree more.

    • @enriqueta56
      @enriqueta56 3 роки тому +1

      @@gregc4878 yes, that was my first thought of why he didn't disclose his son's name.

    • @dannyduncansdad8459
      @dannyduncansdad8459 3 роки тому +1

      @@gregc4878 but he said his sons name later in the video

    • @gregc4878
      @gregc4878 3 роки тому

      @@dannyduncansdad8459 yeah, I commented before I saw that. 😅

  • @kwakuduahtv
    @kwakuduahtv Рік тому +2

    Thanks for all that you do Jerry 💪🏾

  • @rustinwatson363
    @rustinwatson363 Рік тому

    Hello, I am new to the concept of wholesaling but I love what I am seeing. Where do you find contact numbers to call agents and sellers?...Thank you

  • @amirabundance8619
    @amirabundance8619 3 роки тому +4

    that's the minimg of father and son quality time+money 💰 😉

  • @quaranknight6973
    @quaranknight6973 3 роки тому +4

    Need more like this

  • @venuskhokhar1805
    @venuskhokhar1805 3 роки тому +6

    Need more like this series,
    "Teaching My Kid about Wholesaling Real Estate"

  • @brettmcguffee8119
    @brettmcguffee8119 3 роки тому +6

    Hey Jerry! You’re videos are super informative. I’ve been watching for a while now and finally decided to take the first step and start wholesaling. The problem I keep running into in my market is people are selling there outdated homes for the ARV price and won’t take a low offer. Do you have any advice on how to adjust the price so I can offer more and still make a profit? Thanks!

    • @Yunyyyy_Live
      @Yunyyyy_Live 3 роки тому

      What market ?

    • @brettmcguffee8119
      @brettmcguffee8119 3 роки тому

      @@Yunyyyy_Live north Louisiana

    • @litaffhali3595
      @litaffhali3595 3 роки тому +2

      Providing data to show how much work is needed to bring their house to market value, comps, cost of repairs: Also trying to get a sense of what they’re pains points are and helping them that way…(moving costs, storage, paying 1st rent at new place) maybe they’ll more wiggle room with price that way.

  • @bobw8205
    @bobw8205 3 роки тому +2

    Jerry, you're a Flipping Great Father!

  • @the1vacayspot561
    @the1vacayspot561 3 роки тому +2

    Great video and highly informative

  • @jayparlato6108
    @jayparlato6108 3 роки тому +1

    Do more of these kinds of videos love it

  • @Paokfc93
    @Paokfc93 3 роки тому +1

    The selling agent goes from saying it needs purely cosmetic updates to it wont even qualify for FHA???

  • @the365hustle4
    @the365hustle4 3 роки тому +7

    Can’t wait to start doing this…love the videos

  • @lindabuyshouses
    @lindabuyshouses Рік тому +1

    So love this !

  • @desmondturner2108
    @desmondturner2108 2 роки тому

    If you’re wholesaling how can he represent you if you’re not the cash buyer ?

  • @jkohanbash
    @jkohanbash 3 роки тому

    Do a video on how to deal with an agent that is representing multiple unrepresented buyers and get the edge when you all have essentially the same value for the property.

  • @Ham_on_Rye
    @Ham_on_Rye 3 роки тому

    For all you mortgage buyers - get a fully underwritten loan commitment from your lender so you can make an offer with a 10 day close (just inspection, appraisal, title needed)..which is almost the same timeframe with a cash buyer

  • @MiguelMartinez-mb3gz
    @MiguelMartinez-mb3gz 3 роки тому

    Could you drop a video on how to write out a contract being a wholesaler, I've bin watching you and I feel like I'm getting how to find out what to offer the homeowner and how to find a cash buyer investor to buy my contract I just don't get how to type out the contract and who do I have sign it, just the homeowner or the realtor or both

  • @zoflo78
    @zoflo78 Рік тому

    Best kind of Homeschooling after teaching about Christ
    Way to go Jerry and #3 😄

  • @driveneco
    @driveneco 2 роки тому +1

    Love the mentoring

  • @cantsilenceme6596
    @cantsilenceme6596 3 роки тому +1

    Hey Jerry! Great work my Detroit, neighbor, lol. Hey I've tried to pay for the 10K program and unfortunately it's not letting me. So I'll give it another try on Monday and speak to someone if it's not too late. I really hope it's not.

  • @justinbrewer3288
    @justinbrewer3288 3 роки тому

    I'm confused about the double dip technique. Is this considered duel agency? if so, it's illegal in many states. Am I off with this?

  • @hassanalvi1582
    @hassanalvi1582 3 роки тому

    Jerry what if I'm in the UK and I want to wholesale in USA, how exactly would I contact sellers from redfin and zillow

  • @sarakui5656
    @sarakui5656 3 роки тому

    Hi Jerry I live in Salem Oregon....and I know a few houses I know

  • @LeafGamingXd
    @LeafGamingXd 3 роки тому +1

    Love these kinds of videos, keep it up you guys 😁

  • @EllisWesten
    @EllisWesten 3 роки тому +1

    Jerry, new flipster customer . At first login , site is throwing a api error check input . Can’t get passed terms and conditions part . Please please have the tech team look into this I wanna use this amazing software . It’s at the email page for customer reply to and etc . I hope you see this !! Btw great video

    • @FlippingMastery
      @FlippingMastery  3 роки тому +1

      My team can help you
      Support@flippingmastery.com

    • @EllisWesten
      @EllisWesten 3 роки тому +1

      @@FlippingMastery thanks you’re the best

  • @PapiClipss
    @PapiClipss 3 роки тому +1

    Great conversation, you need to do one with just the seller and not having to go through realtors and finding them on like propstream or a service other than zillow

  • @Nailnation1
    @Nailnation1 Рік тому +1

    I love how you call him number three 😂

  • @joshlipert7575
    @joshlipert7575 3 роки тому +1

    Great advice.

  • @talawoods25
    @talawoods25 3 роки тому +1

    Maaaaan this was a 20 piece nuggets!!! Thanks Jerry......you're a flipping genius.

  • @nikkipanda5517
    @nikkipanda5517 3 роки тому +1

    When double dipping who actually buys? I'm trying to understand more about this so I can get stuff moving on my end

  • @brandonclark8960
    @brandonclark8960 Рік тому +1

    This is beautiful

  • @iamvalerierenee
    @iamvalerierenee 9 місяців тому

    @flippingmastery I am so confused ! Your instructions were to low ball 50% of the zestimate, yet here, you offered 29k below asking. I have been doing 10-25 offers PER DAY all month and keep getting told that my offer is ridiculous ... too low... an insult etc. WHAT is the correct asking formula. I do look at comps and what is currently for sale around the properties to make sure they are not over pricing before my offer price. ????

  • @JamesWilson-dj8lh
    @JamesWilson-dj8lh Рік тому

    I love this! .. great job

  • @mattwestendorf
    @mattwestendorf 2 роки тому +1

    I wish my dad would have shown me the ways of this skill

  • @inspirednickd
    @inspirednickd 3 роки тому +1

    Jerry your fathering a King, he is gonna do very well.

  • @litaffhali3595
    @litaffhali3595 3 роки тому +3

    Bless it Norton! You’re in my market!

  • @AlanAungst
    @AlanAungst 3 роки тому +1

    Great Video!!

  • @marquicej4503
    @marquicej4503 3 роки тому +2

    Do you need to be a realtor to do real estate wholesaling?

  • @sarakui5656
    @sarakui5656 3 роки тому

    I would like to Know the forward

  • @lukekangkang1273
    @lukekangkang1273 2 роки тому +1

    I got to get a deal so I can get a chance to talk to Jerry

  • @Tburg_1
    @Tburg_1 2 роки тому

    Hey jerry are you still flipping out in Detriot I know the market is pretty crazy at the moment but I have a deal I know a flipper of your criteria would probably be interested, where could I send my deal to you ?

  • @tara1440
    @tara1440 3 роки тому

    I watch all your videos and I have question.The person on the ground?(do you have someone in every state,a contractor )to go see the property or are you sending your buyer to the property to check it out ?

  • @thekaylaboykin
    @thekaylaboykin 2 роки тому

    Jerry, how does opening escrow work with agents? Will they be willing to close with my title company as a wholesaler rather than their company with the seller ? Also do you pay the EMD to the agents brokerage ? That happened to me and I was really confused

  • @jjrock12
    @jjrock12 3 роки тому +3

    What percentage are you taking in account for appreciation for the market conditions? Is it dependant on each state or is it more an overall national percentage?

    • @FlippingMastery
      @FlippingMastery  3 роки тому +1

      I explain here - ua-cam.com/video/eDpIGzk_KZw/v-deo.html

    • @jjrock12
      @jjrock12 3 роки тому

      Awesome , Thank you Jerry!..Tu eres un "flipping" genio...lol couldn't find a correct Spanish word for flipping...but then again we speak spanglish in Puerto Rico. Take care!

    • @FlippingMastery
      @FlippingMastery  3 роки тому

      @@jjrock12 i say: genio flipiando 😂😂

    • @peteplayz-norskgaming5723
      @peteplayz-norskgaming5723 3 роки тому

      Locally, always

  • @AndrewDaniell
    @AndrewDaniell 2 роки тому +1

    How do we get earnest money? Is it out of pocket?

    • @FlippingMastery
      @FlippingMastery  2 роки тому +1

      I explain on this video - ua-cam.com/video/H1THNUWjGiQ/v-deo.html

    • @AndrewDaniell
      @AndrewDaniell 2 роки тому +1

      @@FlippingMastery super informative! Thank you
      I also want to thank you for always answering my questions. I’ve been learning so much simply by binge watching all your videos

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Рік тому

      @AndrewDaniell, How are you since your last post? I can help walk you through the process. Also if you need help with funding your EMD transactions, I can help with that as well.

  • @jae1757
    @jae1757 3 роки тому +1

    How long do you wait to get your wholesale wire from the title company?

    • @FlippingMastery
      @FlippingMastery  3 роки тому

      Same day as the closing

    • @jae1757
      @jae1757 3 роки тому

      How long does a wholesale deal to close?

  • @sunviewlandscaping3321
    @sunviewlandscaping3321 3 роки тому

    I have a distressed property its vacant and off market. I can't find the owner . I found numbers but all lead to a dead end and I even found his sister but she passed away unfortunately. Any other tips you can give me to finding where is the owner?

    • @letsgobrandon7310
      @letsgobrandon7310 3 роки тому +1

      Look up the address on the county records, it will tell you who is on the deed. The owner is public knowledge. If it’s a business then you can then look up the owners of the business

  • @carolwatkins7965
    @carolwatkins7965 3 роки тому +1

    That what need some to literally right by me walk me through it..

  • @nima.shokouhfar
    @nima.shokouhfar 10 місяців тому +1

    Respect...!!!

  • @charellestewart1270
    @charellestewart1270 Рік тому

    Are you using your actual phone number to make calls?

  • @austinjackson7250
    @austinjackson7250 3 роки тому

    I wonder if the listing agent can say ya’know one more time

  • @nicholasharford4982
    @nicholasharford4982 2 роки тому

    Part 2??

  • @VEE__33
    @VEE__33 3 роки тому

    When dealing with agents are u responsible for paying the buyer side commissions?

    • @FlippingMastery
      @FlippingMastery  3 роки тому +1

      No, seller pays the commissions

    • @VEE__33
      @VEE__33 3 роки тому

      @@FlippingMastery Sweet!! Thank you. I’m the event it’s virtual and I have no one to view the property will buyers accept photos or how can that be handled without them speaking with the seller/agent?

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Рік тому

      @v33101, How are you since your last post? If you ever need help with funding your transactions, feel free to reach out. I would love to help anyway that I can.

  • @AdrianPaneto
    @AdrianPaneto 3 роки тому +1

    So did you get the deal?

  • @RicardoFigueroa
    @RicardoFigueroa 3 роки тому

    Why the agent is going to get paid when it’s a wholesale transaction.

  • @VB-bo5kz
    @VB-bo5kz 3 роки тому +1

    Not many realtor agents will divulge all this information as he did .

    • @mikehartford4163
      @mikehartford4163 3 роки тому

      Pretty sure it's illegal to reveal the other offers

    • @VB-bo5kz
      @VB-bo5kz 3 роки тому

      @@mikehartford4163 true, but if you are hinting and not giving the exact offer, say it’s above xxx dollars or below or near or in the range xx-xxx , one can get away

  • @aperson7383
    @aperson7383 3 роки тому +2

    Anyone else notice that guy on the phone says “you know” a lot? 😂

  • @tylerguthrie2206
    @tylerguthrie2206 3 роки тому

    Bro tell me what you did to your hair? Did you have implants or did you have hair graph or is it just glued on or what

  • @christophermariani3471
    @christophermariani3471 3 роки тому +1

    Awesome 😎

  • @georgeross6304
    @georgeross6304 3 роки тому

    Jerry, the sound quality seems a little bit off in this video...

  • @babycapp867
    @babycapp867 3 роки тому

    I'm 16 too and getting started!

    • @babycapp867
      @babycapp867 3 роки тому

      Hey Jerry do cash buyers buy houses all over the US or only in the location they're in ? ex, i have a house under contract in Ohio and i have a buyer in ND if my deal is a good deal will he buy it or will he pass because it's in a different state then where he's located. Thanks

  • @austinleady9500
    @austinleady9500 3 роки тому

    After my CMA degree I finish in may I'm jumping into realestate schooling next August, hopefully I have my first deal done within 7 months from now but I'm still waiting for me to be ready to make a huge step

    • @VeronicaGrimes_tc
      @VeronicaGrimes_tc Рік тому

      @austinleady9500, How are you since your last post? If you ever need help with funding your transactions, feel free to reach out. I would love to help anyway that I can.

  • @DjRapnytech
    @DjRapnytech 3 роки тому +4

    So I know you have 10 kids but when you say “Number 3” that kinda hurts me 😂😂😂

  • @Dan-ku8so
    @Dan-ku8so 3 роки тому

    Seems like all these already have guys calling who are wholesaling as well. Not to mention the ads I see just watching these vids... why would I get into this if so many other do it?

    • @FlippingMastery
      @FlippingMastery  3 роки тому +2

      So you want to do something that doesn’t have any competition?

    • @Dan-ku8so
      @Dan-ku8so 3 роки тому

      @@FlippingMastery I don’t mind that at all.. which in turn answers my question. Love the vids!

  • @thedrainjunkie5654
    @thedrainjunkie5654 6 місяців тому

    I live right by that house lol

  • @woaken
    @woaken 3 роки тому

    Damn, this is awesome. I’m 23 and have 2 kids and really want to have 10 kids one day too haha I really need to get more financially fit though! Really hope you stick on this course, you’re building trust in me and that’s not something I can say for pretty much any other channel on Wholesaling or any Business channels or Crypto, and it really sucks to waste so much time watching people blow air the whole time only to make you want to maybe buy their course (which happens to be their Real source of income). Makes me weary of buying any courses!
    Question: if I decide to invest in your software (the $99) and dedicate to watching all of your videos, do you feel that I will have enough information (if applied correctly) I can make a sale and be able to take those profits to Invest in your $1000 package? Or do I need to save and just outright buy the whole package?
    Thank you for the incredible video! Amazing family man!

  • @kevin-tr4ye
    @kevin-tr4ye 3 роки тому +1

    Hey Jerry i really need your help i sent emails and everything my subscription says its active. but i have 3 failed payments
    i dont understand how this could be please help me!!!! Please i have a deal right now and need that proof of funds letter.

    • @kevin-tr4ye
      @kevin-tr4ye 3 роки тому +1

      update we fixed the issue. Thanks