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A Warning to all Wholesalers...They are Coming for YOU!

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If you are a real estate wholesaler or aspiring wholesaler, I have a message for you. I hope to be direct and not mince words and I hope you take this message to heart and rise up to the occasion. Since 2019, the wholesaling industry has been under attack. At an accelerated pace, regulation is sweeping across the country state by state. From the outside, this regulation is in the name of protecting the consumer from the harmful practices of wholesalers.
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Опубликовано:

28 авг 2024

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Комментарии : 250

@joaquinporter9313 Месяц назад

I closed deals before without a real estate license, I got my license & still wholesaling, listing is something i can offer, & I can get into rooms with people who’s been in R/E for years that can introduce me to their network & more opportunities. Wholesalers as a community is really just 1 vs the world. It shows, NAR is capable of sending out 250 minions, & although us wholesalers are very self driven, & self taught, we can be too overly focused on self & be isolated. No group of wholesalers are going to show up to stop any of these laws being passed, but best way to go about it is to follow the trend & be prepared, By listening & following a Flipping Genius like Jerry !

@smartemd 22 дня назад

@joaquinporter9313, Solid comment. I respect wholesalers for this very reason. Are there crap WS in the business? Of course, just like in EVERY other industry. Just have to do the proper vetting and DD to mitigate risk. I'm not a wholesaler but I help by funding their EMDs so they can get more deals done. Keep on crushin'!

@JoseReyes-b7m Месяц назад

We need more true wholesaler leaders to stand up ✊

@ChiFirst Месяц назад

Wholesaling is just like the pawn shop of real estate. Some people like to use pawn shops. It's their choice not the choice of the government or some third party.

@josephdeguzman5296 Месяц назад

I actually appreciate that analogy

@christianhcevallos 10 дней назад

The difference is that pawn shops are very niche, and real estate is not since everyone needs a home.

@user-vj5jn6yw9c 6 дней назад

Even pawn shops have regulations. They knowingly can not accept stolen goods. Further, if they think it's stolen they, in most place, have to notify the police. Second, they need to catalog the items, just in case the police show up. I found a bunch of stuff stolen from me at a pawn shop. Caught the thief through that regulation.

@icee_vibes Месяц назад

As a new wholesaler It discourages me a bit. But I stand with you and will continue to learn other ways to work it. Thanks!

@JohnConstantineRTP Месяц назад

Banning contractual agreements between parties is unconstitutional and therefore any case against a legitimate wholesaler will more than likely be thrown out of any legitimate court

@FlippingMastery Месяц назад

Agreed. After following all the right steps

@Rags2Riches762 19 дней назад

I'm just now getting into wholeselling, is it worth me pursuing due to the upcoming law change?

@FlippingMastery 18 дней назад

@@Rags2Riches762 learn the laws in your state, pivot where necessary.

@cpborrelli 16 дней назад

Good luck in the States courts with that where they have unlimited legal rescources and you are paying 600 bucks an hour

@atomicpimp344 8 дней назад

When the EMDs are skipped out on, by Wholesale peers, that brings the heat, from their bad business.

@AshesofResilience Месяц назад

Agent and Wholesaler.. I stand with you Jerry!!

@SANTANAB751 Месяц назад

Thanks Jerry, Now we are talking. They are worried about wholesalers going out there working hard to deliver for the seller. After, the realtors have been signing contracts, going back into the office sitting on the seller, then canceling contracts because they could not move them. We wholesalers do bring a lot of value to the sellers and I’ve had sellers tell me, they did not want to work with the realtor. People should have the right to sell and sign with whoever they decide. They wholesale all across America in cars, grocery, clothing, tools, Sam’s, Walmart, Auctions but the problem is in real estate

@MarkNolan-t1t Месяц назад

Thats a very,VERY fair point, wholesale isn't exclusive to Real Estate...its actually how grocery stores or any store rather are able to make profit.

@user-dn1pz7mm8s 4 дня назад

Jerry I stand with you! Let’s salvage this industry!! Love you jerr!!

@brianostman9890 Месяц назад

As a licensed Realtor & wholesaler, maybe if Realtors got better at finding buyers this wouldn't be an issue. Simply throwing a property on the MLS & waiting for a buyer is lazy. Get better at your job.

@FlippingMastery Месяц назад

👏👏

@Voltzy70 Месяц назад

As a Realtor, Wholesaler and buy & hold investor, I have Realtors ask me all the time, "How do you find these deals?", I just tell them, it fell into my lap from a friend of a friend. I never tell them my secrets. I love being the Realtor on my own fix & flips, I saved $12K on my last 1 that I close tomorrow being my own Realtor.

@TaylorBanks-k7z Месяц назад

I stand with you Jerry! Let's do what we have to do!! Save wholesaling for everyone!

@Resto56 Месяц назад

Well agents are nothing more than wholesalers with a license, they've got no interest in what's best for the seller, just a way to make a quick paycheck. I get what you're saying, but unfortunately, in a money grab industry, no one wants to do anything unless they're getting a cut. So just adjust and move forward and let others figure it out themselves. Keep putting content out. I really enjoy your stuff

@Tonythechoosen1579 Месяц назад

JERRY I STAND WITH YOU ON THIS SO THAT WE ALL FIGHT FOR WHATS BEST FOR THE WHOLESALING INDUSTRY AND THAT WE MUST DO SOMETHING ABOUT THIS.

@jesus85ize Месяц назад

NAR will never ruin wholesalers! They will try but won’t be successful lol 😊

@user-vj5jn6yw9c 6 дней назад

Oh, yeah? They will. Trust me, I can't stand, NAR, and I am a forced member!! But they are, TURDS!

@lilzixxer5398 26 дней назад

I’m new to this so I don’t want to go anywhere I’ve seen so many people that have success and I’ve started to learn so much. I’ll stand with you.

@romanogold82 Месяц назад

The way wholesaling looks and how it works logistically might change, but it will never go away completely.

@JessicaGonzalez-dc7yj Месяц назад

I stand with you. I’m new and still learning so this is a bit discouraging. But I’m not giving up.

@chris-un4rm Месяц назад

You are a true pioneer Jerry. Thank you for all your years of dedication to wholesaling and real estate investing in a whole. Please continue your fight for Americans creating financial freedom.

@dbond-x4j Месяц назад

I'm with you Jerry! I signed up last time. I cannot tell you how many times clients have come to us to sell their home because the agents previously involved could not sell their home and meet the criteria they were looking for in order to move. We go above and beyond in order to make the transaction happen from: Negotiating with the lender, negotiating with the listing agent of the new home, helping move, walking them through the transaction, remodeling the new home to suite their needs etc etc etc. We wear so many hats people have no idea. Our clients are very well aware of the process and what we bring to the table and gladly sell to us below market. There has been numerous times agents have been involved before our clients came to us and they couldn't help them. JERRY I STAND WITH YOU AND I'M WILLING TO PLEDGE MY TIME , SUPPORT, AND EVEN MONEY TO SAVE OR SALVAGE WHATS LEFT OF THE WHOLESALING INDUSTRY.

@FlippingMastery Месяц назад

👏👏👏👏

@alexcameron2880 Месяц назад

I still don't understand how they say we steal equity when two sides came to an agreed price...we aren't going door to door saying, "Hey! You're gonna sell us your house or else!". Give me a break.

@alexcameron2880 Месяц назад

@@unofficiallydamon So what? The seller got what they agreed to. It's a free market, dude. Not anyone's fault but the seller's. Why do you want government intervention? The government shouldn't have a say in private transactions, especially when both parties executed an agreed upon contract.

@cj7767 Месяц назад

The Realtors are committing fraud when they tell Seller the wrong value of the home so their buddy can wholesale and get in on the Sellers Money.

@alexcameron2880 Месяц назад

@@unofficiallydamon When a wholesaler commits title fraud and steals the house...THAT'S a thief. Do you understand what "theft" even is? If two mutually consenting parties agree on a price, how can it be theft?

@unofficiallydamon Месяц назад

@@alexcameron2880 You needn't ask me if I know what theft is, you need to ask the legislators because that's what they're calling it when they're announcing these laws. Next, they'll go to townhalls and share the extreme examples N.A.R. is giving them, like the examples I shared above. People are going to hear those numbers, and they're going to remember they're grandmother or their co-worker's mother who got scammed, and they're going to say, "Good job, Mr. State Senator." You can cry consenting parties all you want; at the end of the day the public is going to decide what's theft and what isn't. And overreaching government gets its power from the fear and then the anger of the public. See 2020 if you need an example.

@illmatic33 Месяц назад

Because wholesalers lie

@jimcarmichael2395 Месяц назад

I agree 100% with your advice that we all must adhere to existing laws, but fight collectively for our contractual rights . Organized power and numbers win with legislation and we must FIGHT if we expect to win this battle. Thanks for bringing this issue to light.

@SHERIEROMERO Месяц назад

Jerry, I Stand with you!!! I am willing to pledge time and support to save or salvage what's left of the wholesaling industry.

@MarkNolan-t1t Месяц назад

Full disclosure and transparency to be ethical is where it's at...you're a Flipping Genius Jerry

@peterslivkoff2108 Месяц назад

Wholesaler and about to be SubTo student, Lord willing, and I stand with you, Jerry!

@marinarbekka 11 дней назад

I stand with you in texas. Jerry you are a flipping genius

@TheNewRealEstateInvestor Месяц назад

Jerry I'm with you and happy to support.

@user-uq6gf8mz1d Месяц назад

Big respect to Jerry, you're the only one I see going to bat for Wholesalers of course I stand behind you. I agree our position needs to be protected and represented as a whole we need a seat at the table. ❤

@FlippingMastery Месяц назад

I appreciate that

@ericc.5460 Месяц назад

Wholesaling is going nowhere. Just buy the property via transactional funding, private money or hard money. The government can't ever outlaw you buying property (Taking title). Your offers will have to be lower in order to offset the costs you have to pay for transactional funding and closing costs but you can still Wholesale. My market is Texas and I wholesale properties with agents all the time, all through assignments(The assignment is not dead). Just adjust if your state makes changes. No need to panic. Again, wholesaling is going nowhere.

@FlippingMastery Месяц назад

The assignment is not allowed without a license/disclosures in several states. Yes - double close is a workaround (for now) Buying with HML/PML is not wholesaling, that’s flipping (regulation does not apply)

@ericc.5460 Месяц назад

@@FlippingMastery in several states? That's exactly why I said when any specific state changes the law just adjust. In Texas, my market, you don't need a license to wholesale. You do have to disclose but I have never had a seller or an agent ever mention my disclosure. 99 percent don't even read it. If necessary, just take title, the government can't stop you from taking title. I'm assigning all day long in my state of Texas and if that changes I will adjust. Again, wholesaling is going nowhere. No need to fear. Buying with HML/PML or transactional funding still gets the job done if the spread is big enough. There is a wholesaler I know who buys all his houses with PML and still makes 20K to 25K per deal after all the fees. Wholesaling, flipping, whatever; as long as the transaction gets done it's all good. Again, just adapt if your state changes the law.

@jimmychisolm2667 Месяц назад

Jerry I STAND WITH YOU.

@daisyflores4094 Месяц назад

We need to stand up for wholeselling! We can’t allow this

@telodicejuly9638 Месяц назад

I stand with you Jerry, as licensed agent and wholesaler, i defend ethical wholesaling 100%

@tonydeese2607 Месяц назад

As a one hit wonder wholesaler , I stand with you ‼️

@user-dn1pz7mm8s 4 дня назад

It’s always a good idea in learning everything you can! Thank you Jerry for informing me, you are a flippin genius

@CarlosMontoya-li3hb Месяц назад

I stand with you Jerry

@LivingInTheImperialValleyCalif Месяц назад

Real estate investor/consultant. I'm with you Jerry 💯😎

@SquatYot Месяц назад

Manz said “idk if we can save wholesaling but if y’all wanna try here you go” 😂😂💯

@lilfernando1429 Месяц назад

Jerry, I stand with you

@BrianSouthern-v1f Месяц назад

I pledge my support for standing up for wholesaling and fighting the new regulations.

@hjazzyjewel5473 Месяц назад

Jerry I'm with you

@user-mg8qf5jj6q Месяц назад

I Stand with you Jerry!

@joshfernandez6662 Месяц назад

New to wholeselling, im up for a challenge and believe if you and many more are still making money, that i will too

@yolimonty4898 Месяц назад

GRACIAS SEÑOR Jerry. God bless you for all you give. blessings to you and your family.

@romanogold82 Месяц назад

I stand with you Jerry!

@Menace_kenneth44-di2jq Месяц назад

Stand with you brother

@ELTlRADOR Месяц назад

I stand with you Jerry.

@Kelly-zx5tq Месяц назад

Jerry thankyou for this video! I feel many wholesalers may have to adapt because more changes are coming.

@unofficiallydamon Месяц назад

1000% with you, Jerry!

@mj72205 Месяц назад

Thanks Jerry. You're a stand-up flipping genius of a guy.

@CoachKevanKillsit Месяц назад

I’m with you Jerry!

@22AlexAguilar Месяц назад

Lets get it done, I stand with you!

@caddymac3 Месяц назад

As a realtor and a wholesaler. I feel like I'm in between my parents disagreeing.

@FlippingMastery Месяц назад

😂

@Allen0010 Месяц назад

I STAND WITH YOU

@9to5killaCartel Месяц назад

I stand with you!!

@bradmacinnis4713 29 дней назад

Jerry! I’m willing to help you guys fight this! I’ll reach out you on social media as well!

@gboundrepublictv7564 Месяц назад

I’m with you. Let’s get it

@LuisNaran Месяц назад

Jerry, I am with you and will gladly help in spreading the word as well as the association awareness and or formation. I am a licensed realtor, who for a long time thought wholesaler were bad, but as of a few years ago I have been able to not only see but partake in wholesaling. I make it my goal to make other realtors aware of how they can work with wholesalers and the good they offer. Please reach out on how I can assist further.

@joedigangi8602 Месяц назад

We need to stand up and get this out there

@BigDanDCNation Месяц назад

My team and I are with you Jerry!

@sergecaliz3705 Месяц назад

I Stand with You Jerry!

@Ashley-eb2wp Месяц назад

I stand with you Jerry!❤

@user-jx8xq2oq9w Месяц назад

Definitely stand with you! You help so many!!

@tabathacrockett5591 Месяц назад

I stand with you. Jerry

@Elwj12 Месяц назад

Jerry< I definitely stand with you.

@user-qx3nd2ni9y Месяц назад

I’m with you Jerry! Can we get signatures to stop this?

@jw557 Месяц назад

I stand with you Jerry. 💯

@MrKdarby34 Месяц назад

I stand with you

@damionwright6961 Месяц назад

I stand with you Uncle Jerry. We gone figure it out💯

@travisbinder9426 Месяц назад

I have been watching you since 2018. My issue is unethical wholesaler. These I want out of the business, and they make good wholesale look bad.

@lupitaguarista6033 Месяц назад

Jerry, I stand with you!

@theman-kq2uj Месяц назад

They want to keep people poor

@alvaroalvarado4806 Месяц назад

Let’s do it! NREWSA!!!

@dwighttruitt2243 Месяц назад

I'm with you

@bymilliebphotography8249 Месяц назад

More than likely, the seller who places their home on the MLS is STILL gonna get the same purchase price offer that he would have gotten OFF Market. However, it's very possible that the seller will walk away with less money in their pocket after paying off realtor commission, title fees (closing costs), and possibly seller concessions. It's also a strong possibility that the seller's distressed property will be tied up on the MLS for a few months without selling. There is a reason why Wholesaling is a viable option for many sellers. Most of these distressed properties do better off market and let's face it most Realtors won't do open houses or work half as hard to sell a POS property vs a brand new home. We all win with Wholesaling. The realtors who hate wholesalers are just not doing enough business and instead of figuring out how to fix their process, they are blaming someone else for their lack of business. I doubt busy agents care about wholesalers.

@FlippingMastery Месяц назад

👏👏👏👏

@jay-alldayy Месяц назад

I’m a busy realtor & the majority of the wholesalers that contact me say they are cash buyers instead of just saying they are wholesalers. I run into so many wholesalers who string agents & sellers along and then last minute while in escrow they say they are assigning the contract. I don’t mind working with wholesalers but when you start a business relationship lying, it leaves a bad taste in my mouth.

@GraigBartlett Месяц назад

Yes sir with ya all the way!

@wydopnthrtl Месяц назад

Thanks Jerry

@jonahkorchin 25 дней назад

I signed up!

@TheMikeRhoads Месяц назад

Absolutely spot on!!

@sdavis9191 Месяц назад

Powerful constituencies employ full-time lobbyists. That means organizing enough to create a fund and fund the right individuals to lobby the government. I watched this exact process play out in Washington State with marijuana legalization. I was in the room with a rag tag group of medicinal marijuana growers who pitched in together to make the change. Two years later there was a bill in the legislature. Four years later the state legalized. Say what you want about cannabis-- that's not the point-- the point is that if they can do it-- so can we.

@Warcur Месяц назад

Gotta love you Jerry. Keep it up

@ricardonieves3334 Месяц назад

Jerry, I'm with you. The gems you shared helped me close my first couple deals. I'm in the Triad Area of NC. Wholesaling is alive and well here and across the state as a whole. I did take some precautions. Thanks for sharing more. How can my team and I support this mission?

@FlippingMastery Месяц назад

Send me a dm on IG @flippingmastery

@roadmagi Месяц назад

This is for a real good cause but let's face it Jerry, you know that most wholesalers won't partcipate on this. There's just way too many fly by night wholesalers compared to actual legit wholesalers like you.

@therealjacobsimpson Месяц назад

I just got licensed in VA for this reason

@dwighttruitt2243 Месяц назад

I've signed up !

@mcrellsandwich9885 Месяц назад

In NC when working with Agents. Agents can’t pay wholesalers or bird dogs

@nikhilmoe Месяц назад

NAR argues that wholesaling is basically brokering. WRONG. Wholesalers don't have a fiduciary duty. That's the key difference. Two parties should be free to contract on their own.

@FlippingMastery Месяц назад

👏👏👏

@mitchellheberer Месяц назад

Right there with you!

@gboundrepublictv7564 Месяц назад

Knowing your rights to operate and contract as you choose is inalienable from the most high, we’re not subject to the stuff the agents are and they’re mad 🤷🏿‍♂️ they need to focus on their own pockets and wholesalers need to do good business.

@FlippingMastery Месяц назад

Well said

@HowardWildey Месяц назад

All the major wholesalers with financial backing should pay 1-2 lawyers to bring this to the supreme court or something. At this point it is obvious that they just want to have it banned which isn't fair because all major stores do the same thing with goods and sell daily to Americans. Take gucci and LV for example they make those bags for 50 bucks and resell it for 1000.

@justinwickee Месяц назад

Eager to hear how we can help!

@digisavants Месяц назад

I signed up the first-time I heard you said it.

@RamonePreston Месяц назад

Thanks Jerry 🙏🏽✊🏽💪🏽👌🏽

@elijahjoseph823 Месяц назад

Jerry hot take…. You’re videos on cold calling agents has littered the industry with a bunch of people don’t treat this like a business. Fly by night guys who don’t give a crap about a seller or a buyer or an agent. I have had more of those types call me than anything here in California and none of them have money to close or know how to properly underwrite deals. This isn’t a dig at you, it’s more of a heads up warning, change your tactics and who you market to.

@rogelioordonez777 Месяц назад

❤ flipping genio im ready to back you up & take them down cuz their is no way sellers can sale traditionally, no bank will loan on these. The real estate industry cannot survive without us, they need us period. Where di i go to find out about texas law for Wholesaling? I pledge to help how i can ! Thank you Flipping Genio ... Keep going, many blessings

@bigdavebangs9191 Месяц назад

Thank you for sharing this information i am just getting back into real estate investing its been a while i belong to your 10k club how can I help or get involved

@matthew8661 Месяц назад

assignment is pretty much dead assign or double close while you can and stack up cash for taking title by loans or cash

@mlchemwolf Месяц назад

NAR is planning to be the only game in town, then hand everything to the hedge funds

@timp903 21 день назад

@FlippingMastery Can you add to the contract language for the seller that waives that? "I, the seller, elect to waive my right to the PA 30-day provision SStatute 1.2.3 to ensure an expedited transaction"

@FlippingMastery 21 день назад

No the law says it’s “unwaivable”