This Is Why You Suck At Wholesaling Houses - Tampa, FL
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Жыл бұрынIn 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
@scotts1356 Жыл бұрын
After listening to the call, the realtor seems to be very sharp. If I did business in Tampa, I think I'd use him!
@scotts1356 Жыл бұрын
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@scotts1356 Жыл бұрын
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@scotts1356 Жыл бұрын
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@lambo199721 Жыл бұрын
I think I might’ve talked to him at some point. I’ve done lots of deals in Tampa lmao
@Garfamily123 8 ай бұрын
@@lambo199721 Any advice on getting started in wholesaling for a newbie. I'm located by Tampa seems like the market is already so saturated.
@papagloc Жыл бұрын
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.
@Philadelphia19147 Жыл бұрын
Great content. Love being able to hear your convos
@NAC79 Жыл бұрын
Love this format! Keep'em coming!!!
@carloswarren739 Жыл бұрын
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.
@MsEvaCooper Жыл бұрын
Thank you for sharing your conversation/video.Yess!!🙌🏽
@lnhackley Жыл бұрын
This is so informative. Thank you for the number breakdown. Really helps to understand how to negotiate! 19:09
@PeacefulPlant Жыл бұрын
Another great video. Thanks for allowing us in on the call flow.
@FernandoPacheco-gu9bf Жыл бұрын
Jerry you are a flipping genius, your my favorite wholesaler/flipper content creator, keep em coming!!
@FlippingMastery Жыл бұрын
Wow, thanks!
@drozru Жыл бұрын
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
@skarena7411 Жыл бұрын
Great vid Jerry!!!
@joeshimoni3107 Жыл бұрын
Beautifuly explained. Thanks alot 🤙🏽
@sharonzzevenbergen4840 Жыл бұрын
"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
@lambo199721 Жыл бұрын
Love this! 👏🏼
@marinarbekka Жыл бұрын
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
@christinajones7319 Жыл бұрын
Great video!
@x-mr-hussle-x7162 Жыл бұрын
Getting my feet wet in the Tampa market so I appreciate the buy criteria given in this video!
@MariaCarmen-wb7gv Жыл бұрын
Thank you Jerry,❤️🙏🇺🇸
@scotts1356 Жыл бұрын
I've been flipping houses for over 20 years. Jerry was spot on, with what he said. Good luck to all of you.
@scotts1356 Жыл бұрын
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@scotts1356 Жыл бұрын
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@scotts1356 Жыл бұрын
@texting-time9773 LIAR.....SCAMMMER....SCAMMER....LIAR
@fabianreid9951 Жыл бұрын
I’m from Florida , this was a great VIDEO !
@nicholasharris7446 Жыл бұрын
YOU ARE A GENIUS!
@brandonvphoto Жыл бұрын
You're the best Jerry!
@thejfoxxgaming3308 Жыл бұрын
Def motivated! If the numbers make sense then they make sense.
@RaistlinM21 Жыл бұрын
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
@handsome13579 Жыл бұрын
Are u wholesaling it? Im looking to buy
@RaistlinM21 Жыл бұрын
@@handsome13579 sure!
@handsome13579 Жыл бұрын
@@RaistlinM21 whats your IG?
@stevewebertampainvestments2097 Жыл бұрын
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
@carloswarren739 Жыл бұрын
Can't wait to watch this video! Be back in 10
@ellakalashnikava3972 11 ай бұрын
Lol “I’ll never probably talk to them again…” that’s a good thing to remember for uncomfortable conversations 😅
@OffroadTreks Жыл бұрын
Just becuase a seller says "YES" doesn't make it a deal. This is a great video.
@donaldlee6760 Жыл бұрын
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!
@NewProvidenceUF Жыл бұрын
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
@jessieramirez8588 Жыл бұрын
Nuggets Jerry You’re awesome 🫡
@jamesspinks5639 Жыл бұрын
Hey Jerry, I would love to know your buying criteria for creative finance deals?
@sliceofhome4064 Жыл бұрын
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?
@FlippingMastery Жыл бұрын
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.
@doctorbanks8252 Жыл бұрын
What is more effective and efficient for best use of time? To offer low or renegotiating multiple times?
@cmcp4027 Жыл бұрын
Nice !!!
@cmdv42 Жыл бұрын
Awesome call to hear! What was the outcome👀✨
@francisigwilo9860 Жыл бұрын
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.
@1kwill639 Жыл бұрын
I really caught recent video ,thought I was late to the party
@tomwashingtonjr848 Жыл бұрын
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…
@FlippingMastery Жыл бұрын
no but I get steven crowder all the time
@tomwashingtonjr848 Жыл бұрын
@@FlippingMastery … Nope … Chris Pratt from Jurassic World 🎉 That’s why I feel like I know you… u flipping genius you!
@mikokun7714 Жыл бұрын
@@tomwashingtonjr848 ayoooooo
@frankieguelli1385 Жыл бұрын
Nice
@15CRWN Жыл бұрын
Jerry why are your comps so far out ? I thought appraisers only consider comps in big cities within a half of mile ?
@codeyhart3155 10 ай бұрын
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.
@lifewiththestones1435 Жыл бұрын
Can someone tell me the software to get paid to find houses for jerry
@FlippingMastery Жыл бұрын
Go here to learn more My10kcheck.com
@Anton.Realtor Жыл бұрын
I'm curious what made an angent think that you can get more than 350 ARV?
@FlippingMastery Жыл бұрын
He was using comps that sold for more
@paolavera2257 Жыл бұрын
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!
@FlippingMastery Жыл бұрын
That is awesome!
@tangovalley528 Жыл бұрын
theres a market in texas i know somebody that has 6 homes and is asking 1.2 for all of them
@punit935 Жыл бұрын
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?
@FlippingMastery Жыл бұрын
I didn’t say I wholesaled it.
@AshesofResilience Жыл бұрын
well what was the outcome?
@12345628387 Жыл бұрын
Do you still mentor people and if you do how would I get access to that.
@FlippingMastery Жыл бұрын
Fasttrackwithjerry.com
@12345628387 Жыл бұрын
@@FlippingMastery Thank you i applied !
@tyui72594 Жыл бұрын
Tampa is my Market.
@RaistlinM21 Жыл бұрын
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
@FlippingMastery Жыл бұрын
Do you have room in the deal to pay the fee?
@RaistlinM21 Жыл бұрын
@@FlippingMastery depends what she can sell it for, seems like I'll have to ask for a reduction
@wyattjarvis4983 Жыл бұрын
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.
@RaistlinM21 Жыл бұрын
@@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
@SisandaKhuzwayo 11 ай бұрын
@@RaistlinM21 hey man. Did u end up closing that deal that deal & if so, in which state was it in
@DLuzElAngelMusikal Жыл бұрын
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.
@jeffreybrown7295 Жыл бұрын
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.
@zackattack91000 Жыл бұрын
Did they go with the $165K?
@FlippingMastery Жыл бұрын
not yet
@priscatowery5056 Жыл бұрын
Did they take the offer?
@FlippingMastery Жыл бұрын
not yet
@imessiah9522 Жыл бұрын
jerry please coach me in person. please
@FlippingMastery Жыл бұрын
fasttrackwithjerry.com
@salvatrucho2694 Жыл бұрын
Did they accept it?
@FlippingMastery Жыл бұрын
Nope
@lestergranados2109 Жыл бұрын
I can’t get the free video of the llc without paying for the flipster,
@FlippingMastery Жыл бұрын
*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
@lestergranados2109 Жыл бұрын
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
@devontrey-mk9yt 4 ай бұрын
Can anyone get me in contact with that realtor from Tampa ?
@musclecars4635 Жыл бұрын
So we assume the deal did not get done at $170K.
@FlippingMastery Жыл бұрын
nope
@justvybes8496 Жыл бұрын
What happened?
@FlippingMastery Жыл бұрын
waiting...
@jasonwitt8161 Жыл бұрын
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
@RJ-fm7lm Жыл бұрын
The fact that I feel like I can't trust Jerry must mean he's really good at his job 😅
@FlippingMastery Жыл бұрын
explain that...
@royalbeagle Жыл бұрын
Instead telling folks they suck which may invoke negative beliefs why not say here’s how you can improve.
@FlippingMastery Жыл бұрын
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!
@omarmontesinos1784 Жыл бұрын
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!🤣🤣
@MasteringALLTERRAINS Жыл бұрын
how to use propwire whAT tpo do next after finding amazing leads with PROPWIRE please Mr. Jerry
@FlippingMastery Жыл бұрын
Coming soon
@NNNNNNNNNNNNNNl Жыл бұрын
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 :(
@DLuzElAngelMusikal Жыл бұрын
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.
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