Title & Closing Process EXPLAINED | Wholesale Real Estate
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Күн бұрынIn order to successfully complete a real estate wholesale transaction, you will need a wholesaler-friendly title company. On this video I’m going to break down the 5-step process to close a wholesale deal with title and be sure to watch me call a title company LIVE!
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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
@NYCdude321 Ай бұрын
To live in the day and age where Jerry Norton is active on KZfaq. What a gift!
@chillingwithchris69 5 ай бұрын
The exact video I was looking for😂
@davidmacgown321 16 сағат бұрын
Yup that's smart to open escrow right away so you can verify it has a clean title before you begin marketing the deal. So many wholesalers used to tell me I'm doing it wrong and I should open escrow after I have a buyer in case you can't find a buyer. Well, first I have cash buyers lined up first before making offers and 2nd it's not smart to market the deal when you don't know if it has a marketable title.
@Drefromtheway 5 ай бұрын
KZfaq must of known I needed this video thank you 💯🔥💸
@tylerlopez1834 5 ай бұрын
jerry your the man, learned a lot from you thanks for all the great information you share 👍
@goldenhearttv8243 5 ай бұрын
Keep it Comin' Jerry!
@LjThaDon 24 күн бұрын
Easy money!🔥💰
@mojavenick4119 5 ай бұрын
Jerry!
@cwyrembelski 5 ай бұрын
Nice hat in the beginning😉
@AberrantArt 5 ай бұрын
This was great! Any chance you could make one about how to close with a Hard Money Lender? I'm frustrated being told that the lender won't Underwrite the deal until a week or two before closing, and ive already put EMD down.
@FlippingMastery 5 ай бұрын
This might be helpful - kzfaq.info/get/bejne/mJN7jLGkt9jadXU.htmlsi=xQqA-19HXds24fn-
@AberrantArt 5 ай бұрын
@@FlippingMastery thanks Jerry. I'll check it out 👍🏻
@Jaredpese 21 күн бұрын
What Market are you in? I’d be happy to see if your deals would make sense for me to lend on.
@thiscorner5062 Ай бұрын
Hi Jerry. I have been grinding your videos like crazy lately. They are super helpful so thank you very much. I am eager to get started but still just learning. What plan of action should you take if/when a cash buyer flakes even after paying an EMD? Just find another buyer?
@user-bi5ro4lo5v 5 ай бұрын
Hello Jerry do you have any videos on your channel that teaches how to properly create seller financing/sub to term sheets to send to agents to present to sellers? I have agents interested in seller financing but i have no idea how to give all the details they need to write the offer.
@thunderstar254 5 ай бұрын
My man
@tylerrichards4154 5 ай бұрын
When I open up Escrow, does that cost money? Or do I just give them the earnest money and then my cash buyers pays the title company at close?
@damonjcrawford 5 ай бұрын
I know you're asking Jerry, not me, but when he was on the phone with the title company, Patty said send the paperwork over and she would get started on it. I've watched this video twice and I never heard Patty request payment up front. So it sounds like {a} payment is due only upon successful completion of the closing. Jerry shared the link to some investor friendly lawyers/title companies. Start giving them and whomever you can find on your favorite search engine a call on Monday and ask them flat out if they require payment up front. Maybe also ask if there's a payment due if the deal cannot be completed. Good luck! [Edit Notes: Added "a" in brackets for clarity in response to Jerry's response below. Tyler asked if there's a fee to open escrow. In this day of companies charging all sorts of fees to be able to post a profit, I think Tyler's question is reasonable.
@FlippingMastery 5 ай бұрын
No I said in the video… the escrow fee is paid at closing (not up front)
@BrielleCS 5 ай бұрын
In process of submitting offers everyday. I've had to draft 2 offer letters so far. Only question is how do you figure out what closing date to choose and is the inspection period included or excluded in that time frame?
@marclaren6193 5 ай бұрын
HI JERRY 🙋🏻♂️😎, GOT A DIFFERENT QUESTION : HOW APPROPRIATE IS IT TO COLD CALLS ON WEEKENDS AND HOLIDAYS ? DO YOU, SHOULD YOU MAKE BUSINESS CALLS ON SUNDAYS AND EVENINGS IF NO BUSINESS HOURS ARE INDICATED IN CONTACT DATA ? CHEERS AND THANKS 🙏🙂 .
@ppa1983 5 ай бұрын
Can't you do a preliminary title search? 😊
@Themorey0uknow 5 ай бұрын
Do you provide a free community? Like a discord or telegram?
@NYCdude321 Ай бұрын
Can the closing date be before the final date stated on the contract?
@ZachGlenn 5 ай бұрын
Hey Jerry your a flipping genius. I tried to use your KPI tracker but it isn't working. could you help with that!
@FlippingMastery 5 ай 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
@Mmvexxx 5 ай бұрын
Can you redo the steps but in an attorney state?
@wilsoncarroll9207 4 ай бұрын
Who pays for the inspection, me the wholesaler or the end cash buyer?
@tonyswanick 5 ай бұрын
You have a NJ title company listed for NH
@amychouinard619 Ай бұрын
I just checked and it still isn't updated
@Eddiemorennnoo 5 ай бұрын
Hey jerry the link sent to my email for the contracts isnt working:/
@FlippingMastery 5 ай бұрын
Sorry about that. Link working now. Try again.
@miriamaleecemusic 5 ай бұрын
Unfortunately the link for the contracts doesn’t work. I put my email in and watched the 10k finders fee video but the link to the contracts isn’t working
@FlippingMastery 5 ай 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
@Helix_SD 5 ай бұрын
Is there any apps I can use besides flipster to send a seller my contract I have time but no money my contract are in google docs but I’m not sure if that would be valid or not
@Lcmr1997 5 ай бұрын
Docusign
@Next-Millionaire777 5 ай бұрын
😎Jerry. Do Title Send Wholesalers 1099? Or We Handle That?
@face2much 5 ай бұрын
Hi Jerry, Agent, wholesaler, and flipper here. Got a lead on a luxury flip in Atlanta - flip is 70% done but she wants to unload it - how can I get in contact with you? Let me know if you’re interested. Thanks for all the content!
@DakGeorge 5 ай бұрын
He offers a program you can join to send leads, if the lead is accepted you get $10k. It’s called the 10k Club with Flipping Mastery.
@FlippingMastery 5 ай бұрын
My10kcheck.com
@jalamoura_hair 5 ай бұрын
Hi,I am trying to download your contract from my email, but I am receiving this error message. This XML file does not appear to have any style information associated with it. The document tree is shown below.
@FlippingMastery 5 ай 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
@jalamoura_hair 5 ай бұрын
@@FlippingMastery Thankyou
@peymanshafeian-hx5ml 5 ай бұрын
Wow jerry your great, im trying to do my first deal from country iran if anyone can help me pls reply this comment thank you all❤️
@jsspald 5 ай бұрын
Have you ever had a deal fall through when the seller didn't use your title company?
@Joshtherealestateguy 5 ай бұрын
Can the escrow officer file a memo for you?
@justingarcia4523 5 ай бұрын
You dont offer 1 on 1 over the phone do you?
@FlippingMastery 5 ай бұрын
Fasttrackwithjerry.com
@ignaciolicerio1405 5 ай бұрын
Hi I'm Ignacio greetings i would like to win those 10 k For each house that looks For You .i an mexican and i hope i can participante in this if You allow me .thanks You .
@FlippingMastery 5 ай бұрын
Yes my10kcheck.com
@roryscott7796 5 ай бұрын
Jerry are you licensed? What BS you're teaching these people. The home owner doesn't need a realtor to sell under market value. They can lose money on their own. Where's the board here on ethics breach.
@Veni.Vidi.Vici.Fuarkk 5 ай бұрын
Don’t ever disrespect The One & Only Flipping Genius. Jerry Norton has over 20 years of experience in the real estate game. I’m sure he knows what he’s talking about.
@roryscott7796 5 ай бұрын
@@Veni.Vidi.Vici.Fuarkk he's cheating people for personal gain, he should have his licensed terminated. He wants to be a wholesaler fine, but as a realtor he's breaking the law. This is why the public hates salespeople. Just what a divorced or cash strapped person needs is some prick making money from their misery.
@KY.REE_ 5 ай бұрын
@@Veni.Vidi.Vici.FuarkkRight😂Jerry Doesn’t have a weapon to these peoples head forcing them to accept the deal. The seller is okay with the numbers so they close the deal. I don’t get why people pocket watch so much 😂
@trollfacer6807 5 ай бұрын
@@roryscott7796Rory your not a flipping genius
@trollfacer6807 5 ай бұрын
@@roryscott7796I’m am the founder of the Rock Hard Investors Buddy
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