Watch Me Break Down The Numbers On This House I’m Going To Flip!

Рет қаралды 17,960

2 жыл бұрын

In this video, watch me break down the numbers and show exactly how I analyzed a house to flip.
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Пікірлер: 77

@danielfroussard5211 2 жыл бұрын

My mind was blown away when you cut off the carrying cost ! That’s such a cool trick for advanced flippers !

@lupeortiz9971 8 ай бұрын

Jerry, you are a flipping genius.

@Logan.A.rademeyer2147 2 жыл бұрын

WOW!!! I was blown away by the way in which you simplified the process in less than 19 minutes. You are a genius Jerry, I am certain that everyone watching this video would agree 100%, thanks for another awesome video🙂

@MsEvaCooper 2 жыл бұрын

MR JERRY, “YOU ARE TRULY A FLIPPING GENIUS “!🎈🏆

@jpast456 2 жыл бұрын

You’re a flipping genius!

@marinarbekka Жыл бұрын

Jerry your a flipping genius

@oscarcastaneda6296 11 ай бұрын

flipping genius

@DarelJettSmith 11 ай бұрын

Would love more videos like this!

@JonAthan-vy8hm 2 жыл бұрын

I know what you are showing is not what other folks are teaching. But in all honesty. It’s solid and compliments the training out there. It’s like the more advanced level or the flip side no one actually teaches. Point is. Super solid J. Hope to see more exactly like this video. And I mean EXACTLY like this. :)

@derekstephens8340 2 жыл бұрын

Great breakdown Flipping Master!! We always appreciate you sharing your thoughts and information. DRS in the DMV area.

@blakedior7203 2 жыл бұрын

Flipping genius mondays!

@michaelrojan8435 2 жыл бұрын

I appreciate all the terms and definitions. Very educational. Thanks Jerry!

@AjaMcClahanan 2 жыл бұрын

"I'll just use my own cash..." The ultimate hack. Nice!

@victorjonas4934 2 жыл бұрын

You are a Flipping genius sir 💯

@howtolosebellyfat12 2 жыл бұрын

Jerry Your A Flipping Genius.

@keirmoorman3042 2 жыл бұрын

Great video, Jerry. You're a Flipping Genius.

@alexbulan6916 2 жыл бұрын

That’s really a work of art! Genius! Thank you for the info!!!

@baischgolfer 11 ай бұрын

Love the detailed videos 🙏

@xavierhollins5509 Жыл бұрын

Awesome video Jerry! You're a flipping genius!

@jevonmogbo556 2 жыл бұрын

I join your 10k club a few weeks ago. I'm still watching and learning. I was unsure but watching more of your videos makes me want to look for a deal and offer. its challenging,but i'm willing to make a change to just like you did!

@HSTL_Team 2 жыл бұрын

Needed this! Ready to be a genius myself

@Tall_Pauly 2 жыл бұрын

Awesome content as always Jerry! I've been engaging with your videos a lot recently and they have been helping me push to flip my first house in Pheonix just like you! I'm in a position right now where I'm bidding a flip right in downtown phx with great GCs and a motivated seller. As soon as I lock this contract 🔐 I'm signing up with flipster and using your POF and 100% funding resources to jumpstart my flipping career! Not to be a blind fan boy but I see the genuine value and help you bring to new flippers and I hope we will end up working together on repeat business soon! One day we'll be talking about how it all started with simple youtube comments! Thank you for the continual inspiration and teaching content!

@Michael52376 2 жыл бұрын

Jerry you are a flipping genius!!!!

@mrtolliver 2 жыл бұрын

I love when you do Michigan videos 💯 I have 3 locked up myself. Bay City, Freeland and Hillsdale. Just having issues finding the right buyers. Thanks for another great video Jerry!!! #FlippingGenius

@kathykelly1104 2 жыл бұрын

Jerry you flipping genius, Mr. Good guy♥️I just invested & financed a laptop

@hendricknunez3913 2 жыл бұрын

I wish i could do this for a living. Looks so much fun

@kathykelly1104 2 жыл бұрын

Thank you Jerry♥️

@camaramustapha9355 Жыл бұрын

Wow you are genius in this business

@augustoforeal4071 2 жыл бұрын

Can you do a video where you find or get a deal to flip, and also go through the rehab process. Where you go through the cost and process of getting it done

@sharonzzevenbergen4840 2 жыл бұрын

"Speed & Convenience!" "Off*Market*Pocket*Deal!" Jerry, U R A Flipping*Genius! Blessings*SharonZ Tacoma WA

@adambradburn1292 2 жыл бұрын

Your a flipping genius

@user-pg9tq9jq7i Жыл бұрын

awesome

@wesleysturdivantii4850 2 жыл бұрын

Jerry I miss your Watch Me videos bro! You're the Man!! #MyManJerryTheFlippingGenius

@richliferealestate 2 жыл бұрын

I think I gotta get flipster🤦🏾‍♂️

@andrewmathewson441 2 жыл бұрын

Brilliant video, yet again! QQ: let's assume that you take this deal and decide to wholesale it. What specifically do you lay out to the prospective investors who will buy from you. Do you just summarize all the work? Do you show all the various steps of your determining ARV? Do you share what you consider as reasonable rehab costs? Essentially, how much homework are you willing to share as opposed to having them apply their own business rules? Thanks as always,

@Super29127 2 жыл бұрын

Great video. Now Jerry, what would or how do I go about funding these out of state deals for someone who is new?

@marinarbekka Жыл бұрын

I am doing elephant challenge with Pace. having a hard time figuring what I want to do. one day wholesaling and the next fix and flip. trying to get my first deal.

@FlippingMastery Жыл бұрын

Wholesaling has less moving parts …usually a good place to start

@jleal_24 2 жыл бұрын

Jerry, great video as always my man! Wanted to ask how you would go about getting accurate comps in Texas? We don’t have any disclosure laws there can access information like recently sold prices on properties!

@chrisgrosse8256 2 жыл бұрын

Redfin

@nickfazzio5277 2 жыл бұрын

2 takeaways - 1. I didn’t know that more box on the Zillow search allowed you to filter last 6 months. My sold searches always yielded Solds wayyyy too far back making it a pain to sift through them to get my true Comps. 2. “I sent my contractors over there”. Wait do you already have contractors in that Detroit area? What if I don’t for a long distance area? Am I just cold calling contractors local to that market? Asking them to meet with the selling realtor? What’s the method to get your rehab number if you don’t already have contractors you work with on the ground?

@AberrantArt 2 жыл бұрын

Do you factor in the impending dip in the Market? Or just gamble and hope it gets rehabbed and sold before then?

@augustoforeal4071 2 жыл бұрын

What kind of business do you need to start to begin flipping house and how to get a low tax pay

@federico3972 2 жыл бұрын

Hey Jerry, great content as always!! Why do you calculate the % of profit on the sale price? I normally calculate as the ROI or of I use landers % of total costs.

@FlippingMastery 2 жыл бұрын

Because you start with the price you can sell it for after fixed up and back out the numbers from there

@Youregirlfriendsbarman 2 жыл бұрын

been flipping for about 7 years now and im blown away at that 65k bid...everything is inflated right now including materials and labor costs and i just put a 1350 sqft home on the market in Washington State...house was about that condition and just to finish the basement was about 15k and the entire rest of the house ran about 85k...i budgeted 115k to be safe, especially because you never know what surprises may come up..how did you get 65k?

@FlippingMastery 2 жыл бұрын

Wasn’t $65k, was $75k. See the end

@Youregirlfriendsbarman 2 жыл бұрын

Well you haven't started flipping it but I think you're gonna be at 90k at least by the time your project's finished especially if you're adding a 3rd bath and you have to re route plumbing...too bad the house isnt running PEX would've been cheaper to route PEX instead of copper or abs...plus that basement is going to be scary if you have any major water damage 😅

@lamsamm 2 жыл бұрын

Hey Jerry, When are you going to start doing HML?

@Brawlbimon1234 2 жыл бұрын

please break down the 75k bid

@adambradburn1292 2 жыл бұрын

Jerry do you buy portfolios and I have a wholesaler sending tons of lots in Phoenix area that are off market I would love to work with you

@alexfuentes1642 2 жыл бұрын

Question. Why in some videos you deduct the 9% closing and commission costs and in other videos you don’t deduct the 9%

@zullymoguel9470 2 жыл бұрын

Jerry, what happens if you find a lead but there hasn’t been any flips sold in the neighborhood to compare and determine ARV?

@FlippingMastery 2 жыл бұрын

Go with the next highest sold homes

@pastorbrianediger 2 жыл бұрын

Jerry, do finders get access to flipster and vice-versa, or do you need to pay for both to get both?

@VeronicaGrimes_tc 11 ай бұрын

@dthanatos2085, How are you since your last post? Did you get your questions answered? I can be a resource for you or even funds your transactions if you need it. Feel free to reach out!

@amanpreetsingh4256 Жыл бұрын

Jerry at 6:30, you said to learn your market by finding out what matters in the market. But how do I learn that, is there any video I could refer to or can you share how you calculate what is important in the market as you do this all over the states?

@dawnsteinlage1455 Жыл бұрын

Jerry has this specific kind of info in his free ebook

@shaaaundaa Жыл бұрын

Hey Jerry! So basically I need to find a wholesaler friendly title company that deals with closing in escrow so I can get the cash buyer to fund the whole deal ?

@FlippingMastery Жыл бұрын

That’s one way to do it!

@VeronicaGrimes_tc 11 ай бұрын

@shaaaundaa How have things been going since your last post? I'm looking for someone needing my help. I am a transaction coordinator and would love to help you in any way I can including funding your transactions.

@dongonon7168 2 жыл бұрын

However if you love using OPM. I’m a private lender myself with well over 200k that’s I’m actively lending with more than will to do some deals with you

@FlippingMastery 2 жыл бұрын

Send me DM on IG @flippingmastery

@kriworld08 Жыл бұрын

Should I reach out to Contractors nearby in the area I find a wholesale deal to flip? If so should I ask them how much $ for just this particular deal? Or ask for a regular medium to high price in that particular area???

@VeronicaGrimes_tc 11 ай бұрын

@jkriworld08, How are you? If you need help with any of your transactions including funds, I can help you. Feel free to reach out.

@trevormorganlive 2 жыл бұрын

If you’re spending your own money on carrying cost does that still mean you’re losing profit?

@FlippingMastery 2 жыл бұрын

No because the formula still has 15% profit

@dongonon7168 2 жыл бұрын

I would of thought to just fund it myself if I had the money

@dongonon7168 2 жыл бұрын

However if you love using OPM. I’m a private lender myself with well over 200k that’s I’m actively lending with more than will to do some deals with you

@elvisarreola6281 2 жыл бұрын

Where can I buy the both contract for 15$

@elvisarreola6281 2 жыл бұрын

@flippingmasterytv

@beastest 2 жыл бұрын

Why would you charge $1000 for each person to find properties for you. When it's not even guaranteed that your team will even accept the finds. Doesn't make sense for someone to pay to work for you. Should be the other way around