We Just Wholesaled This House On The MLS! (Find Out How)

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Күн бұрын

Matt Spinks down in Knoxville TN just wholesaled this house ON the MLS and made a $38,000 profit! You won't want to miss how we did this and how you can do it too!
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Пікірлер: 31

@being4447 5 ай бұрын

$285k (ARV) $199.5k (70%) $169.5k (-$30k repair) $60k (mortgage left) $60k (Client wants) $120k (seller total) $12k-20k (wholesaler) $135k-$160k (offer buyer) And I agree to pay closing out of my fee. Is the proper method to wholesaling property? Thank you for your video❤❤. I'm very grateful and appreciative

@IMARBAN 5 ай бұрын

Congratulations 🎉 Math 🎉🎉❤🎉, YOU'RE FLIPPING GENIUS 😉❗🎉❤

@liljide 5 ай бұрын

Wow, if I remember correctly Matt said he’d NEVER trust cold callers lol… he probably still doesn’t but salute to his growth and continued success. 38k on a mls deal>

@royaltyestateinvestments 5 ай бұрын

Haven't seen the video yet but I know it's 🔥🔥🔥

@user-vj7ic5ct2o 5 ай бұрын

Great job Jerry and Matt, I loved this video because I have a similar project in the works of about five parcels totaling about eighty acre that I could buy out right for a million dollar's, but I have a private money partner with four hundred thousand to invest. I thought if I offered the sellers 200'000 down on the first 28 acre parcel that is listed for 550,000 or 1 million cash for all 80 acre and 25 thousand as a none refundable deposit toward the rest of the property and offer them 2 million for all of it for the option and subordinate like the project you did in St. George Utah to pay for streets , utilities and the building. this could be worth 50 million plus and maybe the only one I need to do. OR am I crazy ! I would like to partner with you or get your expert opinion on this deal. thanks Jerry , your a flipping Genius !

@MikeSancho 5 ай бұрын

Flipping geniuses!

@everythingbyjohn 5 ай бұрын

Jerry we need a novation case study ASAP!

@julietruong.invests 5 ай бұрын

Agreed! I feel like this is going to be needed more and more

@user-ds2rd2oq1r 5 ай бұрын

@@julietruong.invests Just do one! Honestly, fail forward! The more you learn, the more you will want to learn more and more and the stuff you wanted to learn you will forget and get confused and headache from stress. Anything creative contact constant contact and have them deal with the paperwork. Novation agreement sub to seller finance make sure to have a transaction coordinator. Novation is you simply partnering with the seller in a executory agreement which has the terms that you shall cover all renovations etc and resell home on back end for retail. The seller receives their locked in price. You make the whatever is left after Reno is covered. Looking for a cash on cash return of above 12%

@I_Am_Adrien 5 ай бұрын

🔥🔥🔥🔥🔥

@Appleseven77 5 ай бұрын

wow dude do you have a video of you negotiating a deal? like the actual thing? because i’m still studying this and i have no idea what i could point out to a seller to negotiate with them a lot better like you guys do

@liljide 5 ай бұрын

The lien/loan closing strategy 🔥… but my question with the marketing clause and novations: wouldn’t the seller lose their mind if they see you marketing their property online/on Zillow for a higher price?

@FlippingMastery 5 ай бұрын

As I explained on the video… not if you set proper expectations

@MattBuysHouse 5 ай бұрын

I still cant wrap my mind around how to contract this. Did you list your assignment on MLS, or did you do something more?. I do not understand what you did, or what is a "novation"? i I want to step up my game from straight assignment. Iam experienced, and licnesed, my agreements allow me to market on MLS...

@mauricegeorge4320 5 ай бұрын

Matt, which title company you use in East Tennesse/Knoxville?

@RachellGroth 5 ай бұрын

Kathrine c boone!!

@RachellGroth 5 ай бұрын

I personally would advice having a decent knowledge...lest you incur unnecessary loss

@allanyoung1820 5 ай бұрын

Matt/Jerry I’m from Athens Tn not far up the rd from your development. Do you need any additional resources to help with that? I have relationships with lenders, graders, builders, materials for the build that can be delivered. Let me know id love to provide value and learn at the same time

@FlippingMastery 5 ай бұрын

Great! Send me a DM on IG @flippingmastery

@MattBuysHouse 5 ай бұрын

how do you structure your payment to your local cold caller

@tmgpakcod2113 5 ай бұрын

I can help you hire experienced cold callers that have already worked on such lists. Overseas but they can be done hired pretty cheap.

@PaisVeidUeyZT 5 ай бұрын

Gotta get some cold callers then. Every so often they'll come through with something like this I see.

@nishahyde 5 ай бұрын

Definitely a good way to keep generating leads and train someone to do so.

@tmgpakcod2113 5 ай бұрын

I can help you hire cold callers that have already worked on these kind of lists, $4/hr.

@mauricegeorge4320 5 ай бұрын

Also Jerry, I barely heard any title company in Oklahoma will allow use buyer's funding to fund A-B leg of deal. Would you mind let me know the name of the title company? Thanks.

@Georgebushdidit 5 ай бұрын

Wholesaling is illegal in Oklahoma. You need to do what’s called a double close. Jerry has plenty of videos on it.

@ItsTheMw3godTLake 5 ай бұрын

@@Georgebushdiditpublicly advertising a wholesale deal in OK is illegal not wholesaling itself. I’ve done a number deals virtually in that state that even include agents

@Georgebushdidit 5 ай бұрын

⁠⁠@@ItsTheMw3godTLakeI understand that you’ve wholesaled in Oklahoma however that doesn’t prove there aren’t laws against it. A simple and brief inquiry will lead you to find that Oklahoma has laws that make it illegal to “market equitable interest” in a contract for example. In 59 section 858-401 sub-section A and sub-section B, violating this law can lead to 6 months of prison and 5k in fines per violation.

@Georgebushdidit 5 ай бұрын

@@ItsTheMw3godTLakeAnd bte I forgot to mention that you need a real estate license to wholesale in Oklahoma. So if you’re not mentioning a license you have that helps. Additionally agents have licenses so that explains “with agents too.”

@nathanyerkes 5 ай бұрын

I'm in OKC and I don't know of any title companies that allow it. If you need funding for a double close, that's my specialty. Here’s some value that I can bring you…I’m a certified underwriter, comping, EMD funding, and I’m a buyer. Let’s connect…info is in my bio!