Real Estate Wholesalers - STOP Doing Assignments!

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Flipping Mastery TV

Flipping Mastery TV

Күн бұрын

Real Estate Wholesalers, listen up…you need to stop doing the assignments method when wholesaling houses. Watch this video to Find out 4 compelling reasons why as well as 3 alternative methods that are much better.
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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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Пікірлер: 409
@cocoadough
@cocoadough 2 жыл бұрын
A double close is not feasible when only making a wholesale fee of $5k-10k. You would have to pay additional closing costs which essentially eliminates any profit you would have made.
@liberated_andblack959
@liberated_andblack959 2 жыл бұрын
@Victor T. Good point.
@cocoadough
@cocoadough 2 жыл бұрын
@Victor T. just saying the average wholesaler isn’t finding deals with six figure spreads.
@jonsimmons1284
@jonsimmons1284 2 жыл бұрын
@@cocoadough So, don't be average. ;)
@michaelmartinez6660
@michaelmartinez6660 2 жыл бұрын
From a hating ass realtors prospective.. just” steal more equity “😂 I’m not a realtor btw lol just saying 🤷🏼‍♂️
@cocoadough
@cocoadough 2 жыл бұрын
@@jonsimmons1284 right, I’ll just be an “equity thief” as they call it
@kymieBFF
@kymieBFF 2 жыл бұрын
I signed up for the Wholesaler Association updates. Let's save the Wholesaling industry. Unfortunately, I'm just getting started in the business so the 3 options aren't going to work for me right now. But, I am seriously considering getting my R.E. license. Thank you again Jerry!! You add a lot of value!!
@user-kj5qy8ip5v
@user-kj5qy8ip5v 2 жыл бұрын
He offers proof of funds to help get the money. Technically you dont jeed money. As long as you do a double close.
@REVerbtalk
@REVerbtalk 2 жыл бұрын
Get it, trust me, because they are even going to prevent wholesalers PERIOD from doing any double closings and anything unless you physically bring money to the table unless you are an agent. Go get it. Worth it. I'm working on that as well as we speak.
@iam_maixxv6800
@iam_maixxv6800 2 жыл бұрын
@@REVerbtalk how much is an LLC?
@meh2199
@meh2199 2 жыл бұрын
Yep. I was going to get that license anyway
@douglasbelmont2725
@douglasbelmont2725 2 жыл бұрын
:
@tracydaniels6942
@tracydaniels6942 2 жыл бұрын
Thank you Jerry for your commitment to reform the Wholesaler Industry. You are a flipping genius. I'm new to this business and the information you share is invaluable!!
@jonfrancobarretto3314
@jonfrancobarretto3314 2 жыл бұрын
You always add so much value, Jerry. Thank you so much for all the information you give and resources you provide. 🙏.
@marystead8445
@marystead8445 2 жыл бұрын
Thank you Jerry for all that you do. I am behind you and will sign up for the Wholesaler Association. Your alternative methods for the assignment methods are right on. Thank you again.
@hildautria3851
@hildautria3851 2 жыл бұрын
Jerry Wow 👏 I so agree. This assignment stuff was good at the beginning..but the wrong training info has led newbies to not do it right way. I believe it avoid wrong info out there by state
@khaldounelbey3968
@khaldounelbey3968 2 жыл бұрын
"Equitable interest" and "full disclosure" are always key.
@unavailable1936
@unavailable1936 2 жыл бұрын
Jerry I stand with you let’s save the wholesaling industry
@RobertDelfinoOfficial
@RobertDelfinoOfficial 8 ай бұрын
Jerry I stand with you! Let's save the wholesaling industry!
@MsEvaCooper
@MsEvaCooper 2 жыл бұрын
I stand with you Mr.Jerry. I just came aboard and I will continue to push forward.
@rosgar55
@rosgar55 2 жыл бұрын
i’m behind you i hope we can keep Wholesale going
@uglygyal
@uglygyal 2 жыл бұрын
hi! jerry! i am totally new to this! however, completely stand w/You on bringing more ethical and uniform practices/standards thruOut the wholesale real estate community.😊
@DPoloBeatz
@DPoloBeatz Жыл бұрын
LOL I just watched and took extensive notes on how to wholesale discussing contracts and assignments and saw this video to stop doing assignments. Jerry all I can say is thank you for keep everyone informed about the constant changes in the real estate world. I will continue to be a youtube student of your channel learn more. PS you are a flipping genius.
@anthonymadmanstricklandspo7818
@anthonymadmanstricklandspo7818 Жыл бұрын
Been looking at your videos and I’m trying to get started myself thank you hope i do this but I have faith. Moving forward is the key
@abdulbeyt.v.180
@abdulbeyt.v.180 2 жыл бұрын
Dude you always giving away good stuff for free 👏 FLIPPING GENIUS!!!
@larrylittle5709
@larrylittle5709 Жыл бұрын
Aye Jerry, You are on point, I'm with you all the way to save the wholesale industry.
@Divineautowerx
@Divineautowerx 2 жыл бұрын
Thank you for the heads up !!
@instanthellmurderer
@instanthellmurderer Жыл бұрын
Jerry I stand with you! Let's save the wholesaling industry! Let's this change!
@maliekjcksn
@maliekjcksn 2 жыл бұрын
Thanks for this information. I believe a strategy to counteract actions against wholesalers is to raise personal capital and start with distressed properties
@toddbuyshousesmichigan9049
@toddbuyshousesmichigan9049 2 жыл бұрын
I'm with ya Jerry! You are a flipping genius!
@lyfemusiq2252
@lyfemusiq2252 2 жыл бұрын
The rich are limiting the ways everyone can become rich 🙄
@505peedpoppers
@505peedpoppers 2 жыл бұрын
They've been doing that since the beginning of time.....
@ehubb
@ehubb 2 жыл бұрын
Sounds like a broken system to me if those with money can use that money to gain power and make everybody else’s lives harder. Starts with a C and ends with “ism”
@jermon983
@jermon983 2 жыл бұрын
These unconstitutional anti-wholesaling laws won't effect my business...
@philawsonfur
@philawsonfur 2 жыл бұрын
adapt or die. the law in anything in this life, even in business
@khaldounelbey3968
@khaldounelbey3968 2 жыл бұрын
@@jermon983 Agreed, it infringes on the right to contract privately which is definitely not in harmony with the states, or the U.S. Constitution.
@josiahjackson3738
@josiahjackson3738 Жыл бұрын
I stand with you. Let’s save the wholesaling industry !!
@mitchellcoulter5980
@mitchellcoulter5980 2 жыл бұрын
Thanks for the information! I'm just getting started. Looking for my first wholesale deal. I'd like to move to flips eventually.
@ldonaldson6269
@ldonaldson6269 2 жыл бұрын
Hi Jerry I stand with you and let's protect honest and integrity Whole Salers.
@calareed4571
@calareed4571 Жыл бұрын
I literally been watching your videos for two weeks straight and i had two more weeks of training to go. Coming across this video really jus blew me . But thanks for the heads up. Ima still try it . 😂
@ccol009
@ccol009 2 жыл бұрын
I just called a title company yesterday that said “they no longer do assignments.” So then I called another title company and they said “we do assignment agreements.” And they answered more questions that were a Go as well.
@williamburrell1399
@williamburrell1399 2 жыл бұрын
Thank you for this positive feedback. I think the key is to find the title companies that still do assignments and bang out as many deals as we can. It seems kind of hypocritical if I'm being honest for Jerry to come out and say he no longer supports the signing contracts yet he's left all his step by step tutorials on how to assign contracts and the benefits of assigning contracts on his channel for the last 2 months and hasn't taken them down knowing that those assignment of contract videos are sending tons of people to his flipster software to buy it because they think it's so easy. Oh well the guy offers a ton of value so what are you going to do. Probably how is that b pressed them a little bit and he started feeling the heat so we had to put this video out. As a civil rights activist I like his approach about creating a national wholesalers group so we can fight back
@wh00is007
@wh00is007 2 жыл бұрын
@@williamburrell1399 it’s funny I was really looking forward to starting into wholesaling and now this. Smh
@aneshiadixon8762
@aneshiadixon8762 2 жыл бұрын
This is my first day so thank you for the information.
@wjro
@wjro 2 жыл бұрын
Jerry, I'm with you 100%.
@kennethcombs429
@kennethcombs429 2 жыл бұрын
This is a prime example of a small number of people ruining it for everyone else.
@LenaTurner
@LenaTurner 2 жыл бұрын
Jerry I stand with you. Let’s change the wholesaling industry 🙂
@Doing_it_right_the_first_time
@Doing_it_right_the_first_time 2 жыл бұрын
Being a very honest, straightforward and transparent wholesaler myself I never had to worry about being accused of “shady practices“ and I am also an accredited member of the BBB here in Connecticut, A+ rated… I do believe that one or two bad apples ruin everything for people like Mr. Norton and I! I do and will support a wholesaler association. Also I am a legal business entity here in Connecticut with my LLC directly related to my real estate aspirations of being a successful wholesaler!
@jermainedaniels2630
@jermainedaniels2630 2 жыл бұрын
Edward what part of Connecticut are you wholesaling? I've been looking for someone to joint venture with. I get good deals in the suburbs
@dominicchou5033
@dominicchou5033 2 жыл бұрын
I will be in connecticut soon this is great info!
@AdrianRiveraBoxing
@AdrianRiveraBoxing Жыл бұрын
Hey located in mass would like to connect with you more on this !
@anthonyvasquez5642
@anthonyvasquez5642 2 жыл бұрын
Thank you as always for the amazing content and info 🙏🏼
@valeriefulford2429
@valeriefulford2429 2 жыл бұрын
Jerry, great video! Awesome content. I stand with you! Let’s save the wholsaling industry.
@nherrera5239
@nherrera5239 2 жыл бұрын
Jerry You are a flipping Genius thanks for the info.
@JackSempleRE
@JackSempleRE 2 жыл бұрын
Jerry I stand with you and every wholesaler!!!
@rololoy2
@rololoy2 2 жыл бұрын
If you have a good deal and a strong buyer list , it’s pretty much guaranteed that you’ll close. If you lock up the property for too much , no cash buyer will overpay for it therefore an assignment becomes pretty much impossible to do. I’m just gonna say it Jerry , while some of your points are valid but I think you’re also taking this as an opportunity to market and push your funding program.
@jonsimmons1284
@jonsimmons1284 2 жыл бұрын
Of course, Jerry is always selling something, but he is also giving a ton of realy great information that nobody else will provide, totally free.
@chrisislas1838
@chrisislas1838 2 жыл бұрын
Though your point may be valid; however, Jerry is a biz man and offers excellent products, goods, services and guarantees and a game changer as far as I'm concerned. The 8 week academy definitely the best I seen compared to many programs out there and its FREE too. He gives more to his product for you to have to better equip you for what is ahead. Having his system sounds pricey but not compared when you no sources of any kind. Having his system...you lack nothing and its all at your finger tips. Much more expensive in penny pitching a biz when you can pay a little more to all it all. I think his Funding Program is great for people like me. I invest in me first before Jerry.
@serendipityfire
@serendipityfire 2 жыл бұрын
I recently was in a Lee Arnold training class, and he touched on these same issues; the fact is that the laws have begun to change in the last year in several places, and there is chatter out there pushing further change...Maybe Jerry's smart enough to direct his business in the new direction before it hits critical mass.
@bludia29
@bludia29 2 жыл бұрын
Jerry I stand with you 💯 🙌🏼
@capinjax
@capinjax 5 ай бұрын
I'm behind this movement, love the idea
@gabequezada2066
@gabequezada2066 Жыл бұрын
great video.. thank you jerry
@FrankieBaybeez
@FrankieBaybeez Жыл бұрын
Jerry, I stand with you, let's save the wholesaling industry! 🙏🙌
@BreannaAttipoe
@BreannaAttipoe 2 жыл бұрын
Jerry I stand behind you, let’s save the wholesaling industry!!!
@1bloctv
@1bloctv 2 жыл бұрын
Jerry I’m with you brother ! Adapting now
@chargersfreak30
@chargersfreak30 Жыл бұрын
Im in california and have been trying to wholesale in my market but have heard after reaching out to 40+ different title companies they mentioned they will not close assignments...
@catalinalee1
@catalinalee1 2 жыл бұрын
Hi Jerry, I gave a LIKE again, thanks!
@kggangsta
@kggangsta 5 ай бұрын
Jerry I stand with you, lets save the wholesaling industry!!!!
@tinfanyesparza6673
@tinfanyesparza6673 2 жыл бұрын
Jerry I stand with you! Let’s save the wholesale industry!
@Ranjanwatson
@Ranjanwatson Жыл бұрын
Hi, Jerry I stand with you for the Wholesaler's association.
@DerrickAllen197
@DerrickAllen197 2 жыл бұрын
Think I speak for 90% of us. I definitely don’t have about $30K+ just lying around to do either one of these options. Thank you for the addendum! I’m going to use that for a while since I’m new.
@danielsalmeron5271
@danielsalmeron5271 2 жыл бұрын
Wholesalers unite! Jerry you are a flipping genius, You have my full support for national representation!
@Kyotonics
@Kyotonics 2 жыл бұрын
Thank you Jerry! We will stand tall! I really appreciate your honest and straight forward video.
@pamswett5305
@pamswett5305 Жыл бұрын
Jerry, I stand with you! Now let's save the Wholesaling industry!
@o.anderson23
@o.anderson23 2 жыл бұрын
It is about legality to me... I am afraid of breaking the law and being accused of fraudulence which is why I use the assignment method.
@daltonevans8442
@daltonevans8442 Жыл бұрын
I stand with you. I am concerned about limitations and regulations, but I've been sure to view any laws/regulations in my state before even learning about wholesaling. I plan to try and execute a deal within the month of November and if so, the credit goes to you and a few others that have gave me advice. I am also considering opening an llc beforehand too.
@dorseysniper
@dorseysniper Жыл бұрын
Have you done this yet, if so could I contact you?
@daltonevans8442
@daltonevans8442 Жыл бұрын
@@dorseysniper wassup?
@collinbaptiste5619
@collinbaptiste5619 6 ай бұрын
Jerry, you're a flipping genius, sir. I will send with you. Let's save the whole sailing industry. 🎉🎉🎉😊👏🏾🇺🇸
@budgetprepper7863
@budgetprepper7863 Жыл бұрын
I love your statue. Not the first time I’ve noticed it. Awesome.
@peterelz4600
@peterelz4600 2 жыл бұрын
Jerry I stand with you !!!!
@queene813
@queene813 2 жыл бұрын
I stand with you Jerry
@Yesislamtastic
@Yesislamtastic Жыл бұрын
I stand with you. Save the wholesaling industry
@shauncombee9927
@shauncombee9927 2 жыл бұрын
I found one per year wholesale on flipper meetings. Thanks Jerry
@dimitrivancamp1013
@dimitrivancamp1013 2 жыл бұрын
European here: The US used to be different from Europe because business and opportunities were accessible to the common man. Things are changing rapidly!
@bubble_guttz0072
@bubble_guttz0072 2 жыл бұрын
That sucks I was trying to get all this started, after watching all Jerry's videos.
@edwardasiedujr.4440
@edwardasiedujr.4440 11 ай бұрын
Jerry I stand with you! Lets save the industry....you're a flipping genius by the way.
@Gddtundeniable
@Gddtundeniable 2 жыл бұрын
Ty Jerr 💯
@user-ml6sg7le4z
@user-ml6sg7le4z 2 жыл бұрын
Jerry you are a flipping genius with years of experience, lots of cash, and countless business contacts. I have none of those things. Getting access to funds to do double closings is challenging. Even your program is challenging to get into. I know nothing is easy and everything cost. It takes so much work to even find the deals now we have to go through hoops to get them closed. Why isn't anybody going after car sales man who can give you pennies for your trade then turn around and sell it for thousands. What about the retail stores that get the good for cheap and then turn around and sell then to us for outrageous prices. Why does it matter what I make whe. You get the price we agreed on. People bye things at yard sales for 2$ and turn around and sell them for thousands. The whole market of the exchanges of good is built on reselling. That is all wholesaling is smh.
@vonnswain1407
@vonnswain1407 2 жыл бұрын
Jerry, we're w/ ya. Let's save the RE wholesaling industry!
@ptamukum
@ptamukum Жыл бұрын
Very informative...
@ptamukum
@ptamukum Жыл бұрын
Jerry I stand with you...
@joshbryant7363
@joshbryant7363 2 жыл бұрын
We’re with you Jerry
@toddb3336
@toddb3336 2 жыл бұрын
Good insight into this ever changing business. One thing that wasn't mentioned with a double close is the short term capital gains tax you'll get smacked with. Not a total deal breaker, there's still good money to be made. Just food for thought.
@FlippingMastery
@FlippingMastery 2 жыл бұрын
Short term capital gains is the same as ordinary income. Assignments are ordinary income so taxed the same.
@chrisislas1838
@chrisislas1838 2 жыл бұрын
So double close it is...Great vid.
@thewalkerrealtygroup1497
@thewalkerrealtygroup1497 2 жыл бұрын
Jerry, I stand with you, lets save the wholesaling industry. I have sent an email to your team. Thanks for all you do.
@_btsarmyjenn9420
@_btsarmyjenn9420 2 жыл бұрын
I'm learning a lot from watching and subscribing your videos. More power to your advocacy and making sure to guide wholesalers to the right path. 👍
@anthony_valera
@anthony_valera 2 жыл бұрын
Awesome man. Glad you’re taking the initiative. But ahhhh NWA huh? 😜
@yetteBasketball23
@yetteBasketball23 Жыл бұрын
Stand with you
@brendab2792
@brendab2792 2 жыл бұрын
Always amazing ty for sharing informative insight and knowledge .. is there a list anywhere birg dogging is still legal
@BroadwayLTDProductions
@BroadwayLTDProductions 2 ай бұрын
I am only doing assignments on my first few deals so I can fund EMD’s for double closings. I plan on wholesaling REO’s so I need to be able to double close those. I just need a couple of assignments to get the ball rolling and I am good to go!
@mearookierider
@mearookierider 2 жыл бұрын
Thank you for the information on the changes I'll have to make as of now. Will I have to pay you upfront capital to use your capital?
@reeseomerta2352
@reeseomerta2352 2 жыл бұрын
What about the people who are in the 10k club that are told to make all contracts assignable
@usoxmob1
@usoxmob1 11 ай бұрын
Jerry I stand with you!! Lets save the wholesale industry!
@daishaundaniel2357
@daishaundaniel2357 2 жыл бұрын
Jerry I stand with you
@moneymakinginc7864
@moneymakinginc7864 2 жыл бұрын
Jerry i stand with you lets save the wholesaling industry 💪✌🤙
@FlippingMastery
@FlippingMastery 2 жыл бұрын
Great! To get updates on the progress, send my team an email 👉 support@flippingmastery.com with your info. Use subject line: wholesaler association. P.S. help get the word out. Share this vid on your favorite social media page/group
@Firm_letter9Gaming
@Firm_letter9Gaming Жыл бұрын
Jerry, I stand with you let's save the wholesaling industry
@CrzBonKerz21
@CrzBonKerz21 2 жыл бұрын
I compeletelt agree with this!!
@flyghtmyleage6041
@flyghtmyleage6041 2 жыл бұрын
So sellers feel they are entitled to an "opportunity cost" that never existed before hand? Plus what if u say u just decided to assign it but you initially wanted to buy it? Smh
@swsw4003
@swsw4003 2 жыл бұрын
Jerry I stand with you, let's save the whole sailing industry! You are what this industry needs I'm behind you
@kimpadron9879
@kimpadron9879 2 жыл бұрын
Awesome!
@ayrionllinton5386
@ayrionllinton5386 2 жыл бұрын
I'm new to the wholesale industry, i've done only one deal so far. But I truly agree with you. I stand by your decision to better the industry.
@sharptux618
@sharptux618 2 жыл бұрын
Can you help me ? I have some questions. I’ll pay you
@WilliamDauriaInvestor
@WilliamDauriaInvestor 2 жыл бұрын
Jerry I'm not even a wholesaler and I like listening to your content!
@hugavet3049
@hugavet3049 2 жыл бұрын
in Colorado Springs, you MUST have a licensed General Contractor if you plan on flipping the property within 2 years.
@Jacob96wv
@Jacob96wv 2 жыл бұрын
Jerry really is a flipping genius
@tonistinson4912
@tonistinson4912 2 жыл бұрын
Let's save the wholesaling industry I'm putting in my offers now as a new wholesaler. Wish me luck!
@flippinrealityhomes
@flippinrealityhomes 2 жыл бұрын
We stand with you and would love to help you help us. We have only had to double close on one transaction out of many and don’t mind paying the 2% in fees to close it but would be kinda hard on the skimpy deals we sometimes take but we’ll still support doing so.
@omeezi8744
@omeezi8744 2 жыл бұрын
Pass this on to ever platform and group conversation to make everyone aware of the changes in the industry please 🙏 the future of this business depends on it ( we stand with you Jerry)
@howto2882
@howto2882 2 жыл бұрын
I am with you.
@seedrising2585
@seedrising2585 2 жыл бұрын
Thank you for your information! What about single member LLCs is anything stoping a wholesaler to continue that way? If so would you still need a Flipping Disclosure Addendum?
@skeetlarson5186
@skeetlarson5186 2 жыл бұрын
Man, everytime I think I can pull my Family out of the mud with a loop hole in the system, it gets patched. Day late and a dollar short they say. Was going to hit wholesale hard tomorrow, no sense now. Thanks for teaching me something new. My brain was really hungry for knowledge. Thanks for being a good human being Jerry.
@FlippingMastery
@FlippingMastery 2 жыл бұрын
Don’t stop. Just adjust. Go here: Usejerryscash.com
@johnnywalker822
@johnnywalker822 2 жыл бұрын
Tell me about it
@skeetlarson5186
@skeetlarson5186 Жыл бұрын
@@Charles.Wright thanks Dad
@Air51
@Air51 Жыл бұрын
I wish we had Zilow in Scotland.....That would make the whole process waaaaaaaay quicker and easier!
@divinewarwa8406
@divinewarwa8406 2 жыл бұрын
I think you are angel sir , you are absolutely incredible.
@ccol009
@ccol009 2 жыл бұрын
Jerry have you ever had a county in a state tell you that they don’t use DocuSign? My partner and I are asking because we called this title company in Florida to see if they were an investor friendly title company and the lady mentioned that: “Not all counties allow DocuSign, especially if the new cash buyer for the property wants insurance for the property like a warranty deed.” I just wanted to ask you Jerry if you have ever encountered this with a title company in Florida or any other state before Jerry? Where they say: “not all counties allow DocuSign?” Have you ever encountered that before Jerry?
@weedman7982
@weedman7982 2 жыл бұрын
Need to act fast Jerry before it's too late! I've signed up for association and only got a confirmation....
@chelseynunez2415
@chelseynunez2415 2 жыл бұрын
Hey jerry, great topic! I need to get licensed asap! but at the moment I am not.. can you tell me how to find out my state laws regarding assignment guidelines and if the practice has regulations and what exactly those are? Thank you!
@devantehenry8627
@devantehenry8627 Жыл бұрын
Jerry I'm with you
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