The Right Way To Do A Double Closing Real Estate Deal
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Күн бұрынIf you’re a wholesaler or aspiring wholesaler, today’s video is a game changer because I’m going to show you how to do a double closing in escrow where the end cash buyer actually funds both transactions and you don’t need to bring any money to the closing. If that sounds complicated, don’t worry, it’s a really cool technique and I’ll simplify it so you know exactly how to do it!
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EMD Release Clause Script:
“Buyer shall deposit $________ non-refundable deposit with designated escrow herein. If buyer fails to fund and close on the specified date herein, buyer agrees that this serves as instruction to escrow to release said deposit as damages to _________ (wholesaler) and no further instruction to escrow is needed.”
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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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@justinlacy6368 4 жыл бұрын
Jerry!!! The way you explain the whole double closing method is just genius!!! I had no real clear understanding of it but you cleared it for me. Appreciate that!!! Lovin your videos!!!!!
@FlippingMastery 4 жыл бұрын
Glad it helped!
@josephsandgathe5897 Жыл бұрын
This is the kind of pure content that Jerry provides his students. Thank you, Jerry!
@MisterToothless 3 жыл бұрын
Jerry, you are a flipping genius. THIS IS WAY MORE EDUCATIONAL THAN COLLEGE.
@thejoemacias 4 жыл бұрын
This is the exact video I needed. I was searching for it for a whole month but I'm glad I finally found it. Jerry, you're a genius!
@wdorsa 4 жыл бұрын
Jerry, I get it! That's genius!
@FlippingMastery 4 жыл бұрын
👊👊😎
@calicaly2k Жыл бұрын
I'm a Residential Mortgage Quality Assurance Officer for a Bank. I found your expertise in loan closing docs and congrats very impressive.👌👏💪
@dogz0898 3 жыл бұрын
Jerry, I get it! You're a genius Thanks again for your awesome content. I've binged 20 videos in a row to get my confidence back up after a failed first attempt last July.
@ashslaysreading 5 жыл бұрын
thank you for this video!!! you’re literally the best! i refer everyone over to your videos whenever they have questions because you always have a video for something!
@FlippingMastery 5 жыл бұрын
+Ashley Santos 🙏🙏😎😎
@CarlosTorres-sn5kz 3 жыл бұрын
Jerry, you are definitely a genius. You make everything so easy to understand. Thank you!
@tr3ylv1 2 жыл бұрын
Absolutely one of you BEST Videos!! Really needed this while in the 100% funding program..
@TheLaTonyaThompson Жыл бұрын
Thank you Jerry. You are a genius and you are always helping us. You are the most trusted on KZfaq.
@hectorgoav9055 2 жыл бұрын
Jerry you truly are a genius, bringing out the genius in a whole lot of people! Thank you!
@terrellharper5753 2 жыл бұрын
You are seriously a flipping genius. I have been searching every video you have for this because the LLC I don't fully understand.
@osvaldosanchez81 4 жыл бұрын
this IS Valuable content From An Experienced Real Estate Investor. its freaking awesome, provided clarity with the contracts i need. i already have eveyrthing plus more. its all about just focusing on getting the deal. a lot of value man thanks.
@aprilgomez8524 3 жыл бұрын
Jerry!!! You just saved my first deal!!!! THANK YOU!
@ElizabethOtis 4 жыл бұрын
I just want to comment Jerry Norton is fire on every video 🔥🔥
@hilarytorres6546 3 жыл бұрын
Literally GOLD !! Jerry your a flipping genius
@Missionispossible7 5 жыл бұрын
Awesome info.Thank you.
@paulettebrown2413 4 жыл бұрын
Jerry I got it! Thank you so much for the information!
@sulemavargas2630 3 жыл бұрын
Jerry I get it that's genius!! A year later this video is still so valuable!
@itypedmynamehere1807 4 жыл бұрын
Jerry. I get it. That’s GENIUS!
@JLizzle38 5 жыл бұрын
YOU are a GENIUS, Jerry!!! Thank you for your continued efforts in spreading knowledge about real estate.
@FlippingMastery 5 жыл бұрын
+Justin Lee 👍🙏
@JacePerry Жыл бұрын
Extremely valuable! Thank you for being alive.
@WasatchWheeler 7 ай бұрын
I totally get it Jerry! Flipping amazing! Thanks for the value!
@rickboone1090 3 жыл бұрын
Jerry....thanks for helping me get my mind around this....much appreciated....👍
@loganphillips7749 2 жыл бұрын
Love your videos Jerry!
@NFTs_In_Business Жыл бұрын
Quality love this content!
@tarnold1380 2 жыл бұрын
Jerry, you are a Flipping Genius!! Excellent tips by the way at the end of the video.
@reiemrys 2 жыл бұрын
Thanks for all the Insights🤩🤩
@nicholaslawson4474 4 жыл бұрын
In California, escrow companies prohibit funds from the second transaction being used to fund the first. Also, at 12:07 you use language that would only work in one party escrow states. In CA for example, both parties have to execute cancelation instructions before EMD will be released under any circumstances.
@itsliaa4223 Жыл бұрын
This is cap. Double closing is allowed but it has to be same day /next day.
@talindamitchell1075 4 жыл бұрын
Thank you, this is my first deal and need to double close but did not want to pay any closing cost.
@alli03cheer 2 жыл бұрын
Jerry, I get it! That’s genius! This was the exact video I needed!
@cherylinvests 3 жыл бұрын
Very well explained. Genius!
@Buildsolarhomes 2 жыл бұрын
Excellent explanation. Thanks for sharing
@michaelmohr8031 4 жыл бұрын
genius, brother! exceptional information!
@Xsusanasandovalx 4 жыл бұрын
Such a helpful video!
@khicks9543 3 жыл бұрын
Thank you this video was amazing
@Phaze310 3 жыл бұрын
youre my new sensei, God bless you man. much love
@luv2trvl627 4 жыл бұрын
If you think finding a motivated seller or an interested cash buyer (investor) is hard, try finding an escrow company that does double escrow. I called at least 40 different escrow companies in my area (Riverside, CA) . Half of them didn't even know what that was. The other half knew what it is but simply didn't do them. Thankfully, just when I was about to give up in discouragement, I found one that does. I still have to meet their criteria to get them to double escrow, but I think it can work.
@thejoemacias 4 жыл бұрын
Hello, I'd love to connect with you I'm also in Riverside, CA. I'm looking forward to sharing my knowledge with you and hopefully, we can grow together to the top.
@JohnVanderbeck 4 жыл бұрын
What were their criteria?
@xxenergyelecxx1977 3 жыл бұрын
That’s good news. I’m out here in DTLA currently searching for a wholesale friendly closing company.
@ar1388 3 жыл бұрын
Can you share a escrow company that you know double closes in SoCal please.
@ar1388 3 жыл бұрын
Luv2Trvl can you share which escrow company in SoCal double closed please.
@apollobala480 3 жыл бұрын
Indeed you are genius Jerry! Thanks for sharing this golden information.
@jonalik693 Жыл бұрын
Great stuff!
@ambrosia701 10 ай бұрын
Jerry! I got it!! Awesome!! Thank you so much!!! 😊
@drivinmath8464 4 жыл бұрын
This was great. Thanks.
@lblair6675 2 жыл бұрын
Genius!! I love this.
@MACSmovies 3 жыл бұрын
Great tips. Keep up the good work.
@ezequielmontanez6789 2 жыл бұрын
Holy crap jerry you’re an absolute big brain I love it
@uglytruth4467 2 жыл бұрын
Perfect Explanation!! Jerry i get it. Your a genius!!!!
@Ghost00_14 4 жыл бұрын
I never comment but You my guy is a BEAST
@FlippingMastery 4 жыл бұрын
🙏👊
@DiamondEubanks 4 жыл бұрын
You are so awesome!! Ty for this! I will also be making a couple of offers tomorrow and will hopefully have a deal or two to submit in deal genie for the finder's program!
@nva8821 4 жыл бұрын
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@kjarneson655 4 жыл бұрын
Genius! You made it so clear-thank you!
@FlippingMastery 3 жыл бұрын
Glad it helped!
@karimkarimli9983 3 жыл бұрын
Jerry you are a flipping GENIUS!!!
@dorthiaturner652 3 жыл бұрын
Learning so much...Thank You
@josesantiago7983 5 жыл бұрын
This is genius!!! Great video!!
@XRXONE 5 жыл бұрын
Jerry I’ll always say it, you’re the man !! Thank you !!
@FlippingMastery 5 жыл бұрын
+Scooter1 🙏🙏🙏
@breakage959 Жыл бұрын
jerry this is GOLD!!
@MiguelHernandez-rw4xu Жыл бұрын
Thank you for sharing insightful information 👍
@malikevans6178 3 жыл бұрын
Jerry, I get it! You’re a flipping genius!!!
@iceac6744 4 жыл бұрын
wow just best video I have ever seen so specific and amazing thank you very much!!!!
@nva8821 4 жыл бұрын
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@calicaly2k Жыл бұрын
First time watching. Very impressive!!!!
@DorianRealtor 3 жыл бұрын
Jerry, such powerful knowledge.
@johnnygoldsmith7110 2 жыл бұрын
YOU ARE A FLIPPING GENIUS!!!!!
@theRealEstateSquadron 5 жыл бұрын
Excellent info I added the clause to my contracts. Thanks
@FlippingMastery 5 жыл бұрын
+Art Donaldson 👏👍
@madstoney3556 3 жыл бұрын
uugghh you're STILL a FREAKIN flipping genius!! 🔥
@FailingForwad 3 жыл бұрын
Thanks for your wisdom.
@NYSRealtor1 5 жыл бұрын
Hello Jerry I am new to your channel. All the way from the State of NY & NJ. Man where were you over 30 years ago when got started in real estate as a realtor, then a Broker and now as a Wholesaler. Your teaching is Phenemonal. The way you explain things step by step a D no complications. Love your content. Thank you. Go over all your videos because you can never know enough. Look forward to continuing following you.
@FlippingMastery 5 жыл бұрын
+Minerva Perez 🙏🙏🙏💥💥
@sharonceaser-wheeler3364 2 жыл бұрын
Beautiful!
@teeybannister 4 жыл бұрын
Woow that’s genius!! You make it clear
@gageschultz6019 2 жыл бұрын
Very good explanation and your voice is easy to listen to. 🎶
@MrZeus1313 11 ай бұрын
JERRY I GET IT THAT IS GENIUS!
@rodharris2506 3 жыл бұрын
Jerry, I get.. Great content, Thank you Brother..
@montesentertainment 4 жыл бұрын
Jerry i get it, that’s genius Thank you from Phoenix Arizona
@joshbenjamin4423 3 жыл бұрын
Jerry I get it!!! Your a flippen genius!!!
@christiamvelez8696 Жыл бұрын
6:00 I LOVE IT ❤❤❤
@pologolow67 3 жыл бұрын
Jerry I get it!!!! THATS GENIUS
@CoTyCj 5 ай бұрын
Dude is giving fireeeee gameee !!!
@mr.headlite9920 2 жыл бұрын
That is Genius Jerry!!!!
@loulupero4147 3 жыл бұрын
Jerry you are genus. Our title company is experienced with double closing, assignments, transactional funding, etc. She is handling all closings. Jerry mentioned networking is key your success .
@loulupero4147 3 жыл бұрын
Jerry you discussed setting up LLC close with non assignment clause. “Sales 1st.”Does offer sheet include /And or Assign if property has double close?
@skiptracee8957 2 жыл бұрын
What’s the name of the title company and info? Thank you!
@DiegoQSmall 11 ай бұрын
JERRY!! YOU'RE A FLIPPING GENIUS!!!!!😊
@candicesamuel8002 3 жыл бұрын
Literally a life savior!
@ZxyySoloz 4 жыл бұрын
Genius!!!! Thank you for giving me the motivation to do this
@FlippingMastery 4 жыл бұрын
🙏👊👊
@patricklaffey 2 жыл бұрын
Jerry, you’re a closing genius
@ThatCaliFoodie Жыл бұрын
Gary I get it. That's genius. Thank you.
@TonettaClay 3 жыл бұрын
This is genuis. I just hope the title company I've already sent contracts to will do this. Wasn't one I was familiar with as it's my first deal. So the buyer already had this company. Goodness. I'll find this out today!
@yuligg1985 3 жыл бұрын
Hi Tonetta! How did it go with this method?
@luismagana3429 3 жыл бұрын
You are out of this world genious. 👏
@rashiqs4400 4 жыл бұрын
Thats Jerry, this is very educational & content
@FlippingMastery 3 жыл бұрын
glad it was helpful
@peruvianking9087 4 жыл бұрын
Jerry, I get it, that’s GENIUS!
@FlippingMastery 4 жыл бұрын
🙏👊
@joelsgotthekeys 3 жыл бұрын
this was great!
@hermanchan6260 Жыл бұрын
This is genius. Thanks Jerry
@MrTschell 5 ай бұрын
Got it, Jerry. That's Genius!!!!!
@davidearle7209 3 жыл бұрын
Jerry, I get it! That’s Genius 🔥
@santaniebrown3721 3 жыл бұрын
Jerry I get it!! That's genius. 🙏🔥
@dc38nb 10 ай бұрын
Jerry I get it! You a genius.
@omarlopez6050 5 жыл бұрын
Gold. Thank you Jerry.
@FlippingMastery 5 жыл бұрын
+Omar Lopez 🙏🙏
@JCliquidlife 2 жыл бұрын
Jerry u r a flipping genius very clear on this bless you
@Subicca1 4 жыл бұрын
Wow made my day
@barloworganization 4 жыл бұрын
Jerry I got it - thats genius!
@johnscarpentrytv4358 3 жыл бұрын
Love it!
@tjsylla 4 жыл бұрын
Lol.. I need this as a laminated pdf!!! Jerry you my friend are a blessing!
@FlippingMastery 4 жыл бұрын
🙏🙏🙏
@youngjimmy4985 Жыл бұрын
JERRY I GET THATS GENIUS
@StupidRalph 5 жыл бұрын
Out of all the many different REI mentors out there Jerry just seems to put me the most at ease in the process.
@FlippingMastery 5 жыл бұрын
+StupidRalph 🙏🙏🙏
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