How A Beginner Wholesaler Got His First Deal - $15,000 Profit!

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Jerry sits down for a live interview to discuss how a beginner wholesaler got his first deal for a $15k profit!
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2 окт 2024

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Комментарии : 245

@scotts1356 3 года назад

I use to mentor people on wholesaling virtually and locally. Here's the reasons why I stopped: 1. The vast majority of people wanted the checks, but weren't willing to do the work. 2. You need heart, drive and desire to succeed in any business. Most people lacked those criteria. 3. People don't understand that you might have to look at 5- 10 properties, before you find 1 that works. It's a "numbers" game folks. ANYONE can wholesale, but if you're not willing to bust your butt, you're doomed. HOWEVER, if you're willing to do the work, stick with it and learn from your mistakes, you can become very wealthy. Best of luck to all of you.

@WarrenlaidlerExp 3 года назад

So you're not willing to mentor anymore?

@unolowmanta7508 3 года назад

Hi Scott. I'm in south africa. Do you think I can flip properties in USA just virtually

@scotts1356 3 года назад

@@WarrenlaidlerExp Haven't mentored anyone in a while. I usually find that the students aren't willing to do the work. VERY few do what's asked of them and that frustrates me. I'm trying to help, yet they won't help themselves! If I had a few people that were VERY serious about it and did what they were supposed to do, I might consider it.

@WarrenlaidlerExp 3 года назад

@@scotts1356 Makes sense

@thatguy-cq3pz 2 года назад

How much to mentor me

@larry3846 3 года назад

I'm just now getting started and I want to make a better life for myself, and my children

@broughttoideas 3 года назад

Me too

@mail22 2 года назад

Same here as well.

@izaya_253 2 года назад

Hows it going so far?

@shawnedwards7291 2 года назад

I'm just getting started myself. I'm literally like a sponge and watching all of Jerry's videos. He's literally the master. So after 7 months how is it going?

@marcusjohnson5291 2 года назад

Same here I’m brand new

@Ese_Shadow 3 года назад

God bless you brother . It’s insane I’m not seeing million of views on your videos for giving back to the community . You’re a flipping genius !!

@MrBerett315 2 года назад

My first was 2 weeks ago and it fell in my lap. Made $25k profit. I'm a nurse and now I have no issue at all with swapping out a full career. Can always fall back

@t2thek 2 года назад

Did you use an assignment

@graveyardleaderjk Месяц назад

Hey, I seen this comment was two years ago. I just want to see on your status of how things have been and if you’re still in Wholesale or are you still working as a nurse? I seen your comment and thought I would love to get that kind of excitement. For me that would change everything. Me seeing that drop in my account. I may even tear up a little

@brianenochs 3 года назад

Hey Jerry! Thanks so much for doing what you do man! I as well recently got my first wholesale deal done in Saint Clair Shores MI for a $25k assignment fee! I started out listening to your RU-vid channel and took massive action and bam my wife and I got our first deal! Thanks again Jerry and God Bless you and yours... 🙏 👊

@FlippingMastery 3 года назад

Nice! Love it!

@perfectgadgets5937 3 года назад

Where do you get the documents for them to sign?

@Moppyboy9 2 года назад

Hey brian im from port huron area in MI & i am looking for some people to talk to in Michigan on how to start with contracts & just talk with fellow locals!

@brianenochs 2 года назад

@@perfectgadgets5937 Jerry will hook you up with a purchase agreement and an assignment of contract for free I believe... I just use a traditional real estate purchase and sale agreement that you can download for free online...

@marteljackson3594 2 года назад

@@brianenochs hey Brian did you guys use the quickstart download to get your first deal? thanks 👍

@TimWall3 2 года назад

Showing love from Philly . It’s so great to see people from my city doing great in this market. Currently learning from you now Jerry, you’ll hear my success story soon

@safrrecovery4984 3 года назад

Hi Jerry!! I been virtually wholesaling for the last 9 months. I emailed you couple of months ago to say thank you for literally teaching me how to finish. I dont think your virtual Assistance passed along the message. Because of the impact of your channel I am closing a land deal which will net me close to $80,000!! Not to mention the other wholesale deals I have done since listening to your channel! Thank you!!

@jacobjakus Год назад

Holy smokes. Can you help me?

@johnadams-km9wm Год назад

I’m really interested in to start whole sale house just need a lil help

@saphoniie 3 года назад

I had no idea you know Justin Colby! Been following you for 3 months and Justin has been a great coach for our team for the past few years. Both of you guys are amazing

@kennyspade1755 3 года назад

Jason, you are a flipping genius! Great job! Keep it up Buddy!

@thefreemanworldexperiment 2 года назад

Jason, you are a flipping genius.

@reelpat215beats Год назад

He from Philly u definitely got my attention

@ajrose1245 3 года назад

Got me motivated 💪!

@GrayMemory 3 года назад

I’m ready to go get some deals now , Thank you jerry

@jorgegomezjr9959 3 года назад

I don’t know what’s better, the $15,000 assignments fee or Jerry getting his hairline back !!!!

@FlippingMastery 3 года назад

😁😁

@Cali_Girl1 3 года назад

That's what I want to know about! How/Where did he get the hair to do the transplant! That FULL, THICK head of hair is truly AMAZING!! 🤔😮😀 Do a seperate video on that Jerry! Before and After! That video will get you >1M+ views!!

@marklerma10 3 года назад

@@Cali_Girl1 That is what I am asking Jerry. I am getting bald I need his insights on this hair thing!

@Cali_Girl1 3 года назад

@@marklerma10 I'm blown away by how GOOD it looks!! FABULOUS!! 👍👍👍 Forget the $15,000... We want to know how he did THAT!! 😄😄😄

@lostsoul3592 3 года назад

Jerry is stress free now that's why hairline came back 😆

@ryanfleming6698 2 года назад

That’s lit 🔥 you’re flipping Genius man!!

@timreicher8782 3 года назад

Good stuff..I love peoples processes in the beginnings thanks Jerry

@tonypadilla8281 3 года назад

Great interview. I am Pay time snd zero marketing dollars spent. I have done 7 deals my first year because of this channel. Your a flipping genius! Thank you

@FlippingMastery 3 года назад

Great job! tell me more about your deals

@jakenguyen3461 2 года назад

Hi Tony What was your first step into wholesaling?

@adventures223 2 года назад

The hardest part is getting started you will make mistakes along the way and learn from them pratice practice practice and you will get good its mostly about confidence get on the phone and start trying to make deals network make connections and form partnerships networking is key i wish the best of success to everyone

@kali3291 Год назад

Im happy to hear watch this info twice and maybe ³rd time to learn❤ is it possible to make a deal if im outside USA?

@christinam777 3 года назад

So far I understand how it works, but I don't understand how you find your flipper/investor to buy the contract

@benedson3381 Год назад

Just started my wholesaling journey yesterday. I already expect to be interviewing with Jerry within 60 days about a few deals and how fun of a journey!

@jacobjakus Год назад

How’s it going for you?

@ahmad-safar 2 года назад

I noticed you got a full head of hair back Jerry and it looks good on you where did you get it done lol off the subject

@mohammadarmin5738 Год назад

hello how are you i really intrested in your video clips how can I have your scripts for cash buyer and for owner. I did what you said but i couldnt get them it shows error for me i think because my location. culd you please emal it for me?

@neicywilsonsquire3103 3 года назад

Thank u Jerry for using your wisdom to help us live the life that God meant for us to live...your a flipping genius, your videos are very enjoyable and knowledgeable.

@topshot3337 3 года назад

The melodic link lovely dislike because humidity namely pass for a material drain. miniature, mysterious seat

@kimsmith-nelson2324 3 года назад

Jason you are a flipping genius, great job! Uncle Jerry I'm coming for that seat soon to share my wholesale deal with you and your audience. #10Kclub

@patricialewis4239 3 года назад

Thank you! Justin you are a flipster genius...definitely you Jerry thank you

@arthur8301 3 года назад

Anybody facing that first deal fear that's keeping you stuck?

@solomonisrael3525 3 года назад

Let’s partner up and get over it together 😎

@thebraidslayerr7023 3 года назад

@@solomonisrael3525 I’m willing to partner up n get motivated... I’ve been watching so many vids haven’t made a move yet.

@edgarmedina2130 3 года назад

@@solomonisrael3525 My biggest question is what do you tell the buyer, with out telling him your are wanting to wholesale the deal?

@solomonisrael3525 2 года назад

@@edgarmedina2130 I haven't had any deals done, but I spoke to a good amount of people on the phone and what works for me is, "your home fits my investment criteria and I wanted to know if you had any intentions on selling" you don't have to tell them you're going to give or sell to someone else and if that does come up, you tell them you have a couple of other projects you are working on and the home is a better fit for you investment partners. Jerry Norton does a good job breaking that part down bro. Hopefully rhis helps.

@Andrea-ly3nu 3 года назад

That's great! I wholesaled my first property and I made $17,500 profit. I used Flipster for the contracts so thank you Jerry! Interview me! I made more than this guy-ha!

@Tomhales3 3 года назад

I’m to the analysis paralysis point. There’s so much information to take in. I watch video after video. Read article after article. But what I have yet to read or hear in a video is How long do you have from the time you get an accepted offer to assign the contract to someone? Do you just simply say I wanna close in 30 days and find your cash buyer in that time? What happens if you don’t find someone in that time frame? I’m sure it’s been gone over but I literally need someone to explain it to me like I’m 5.

@ziwatters6011 3 года назад

What’s a good age to start?

@ryanyosh7374 3 года назад

I really want to see jerry norton and max maxwell do an interview together 🔥🔥🔥

@FlippingMastery 3 года назад

I’ve offered him. We’ll see

@ModernWorldClips 3 года назад

@@FlippingMastery that would be very valuable to your listeners. I listen to you two primarily. By the jerry, I heard flipster wasn’t worth it because you only provide 100 deals vs 10k plus deals on prop stream. But you target only motivated sellers right? That’s what makes it more valuable correct?

@michalisvarsamis2459 2 года назад

Anyone knows where he finds the money to begin with in order to buy the house initially and then sell it to the flipper? Or he didn’t have to put any money down?

@rogelioordonez777 2 года назад

Jason your a flipping genius Thank you Jerry this is very helpful I'm grateful...

@Inspired_life 2 года назад

Hey Jerry, I've been studying and watch alot of your videos and submerging myself in them and I'm ready to do my first deal. Well look for one, how do I approach the deal if I don't have proof of funds? Do I need to find a buyer first? 🤔

@FlippingMastery 2 года назад

With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com

@Inspired_life 2 года назад

@@FlippingMastery What if I dont have access to funds right away. I am doing this a 100%, but is there any other way temporarily?

@frankbrown8001 2 года назад

Jerry I've heard you'll finance a property I want to send over the property for you to look over

@FlippingMastery 2 года назад

Check this out Usejerryscash.com

@lostintime8651 3 года назад

3:00 Then Jerry had 10 kids and is broke again but richer in other ways. lol

@TRUBL3-s7f 7 месяцев назад

I just wanna how you regrew your hair

@fritchard476 3 года назад

Anybody want to hop in a call and talk through some of this stuff. Anybody on their first or second WholeSale that can vouch? The realist inside of me is saying this is too good to be true.

@cyruspallanes7173 2 года назад

How do I find a good title company, what makes a good one

@Talva91 3 года назад

I don’t know if this was asked, but would you recommend creating an LLC first or getting a deal first?

@Bilal-br7sq 3 года назад

Jerry or anyone in the comments I’ve been researching and finding properties for quite sometime now and ready to get started but my question where do I find my contracts and how do you make them on your own?

@EMYCST 3 года назад

so how do you see comps flips nearby?

@yasegev 3 года назад

Thank you so much Jerry and Jason. This really gets me motivated to start those phone calls. How do I find a wholesale friendly title company? Do I need one for every state I'm active at?

@jorgegiraldo3683 Год назад

@yasegev If you get a property under contract and need EMD let me know. I provide transactional lending for EMD and probate fees to wholesalers

@torymayek3226 3 месяца назад

I'm using what i've learned in the first two videos and just put an offer on a fire damaged property ARV 466K - offer after data crunch - 170.9 using Jerry's rehab per sqft formula (100K) - heavy- hoping for 15 ws fee... facebook marketplace deal

@XibeastmasteriX 3 года назад

Hey Jerry what's your take on Wholesaling storm damaged homes? It's tornado season in the south and this has been on my mind

@oliviajackson7439 3 года назад

Hey Jerry, I want to start wholesaling and my biggest question is if I would need any sort of license/certification before going into this?

@sergioguifarro6552 3 года назад

Start asap just go on propstrem and get some leads!

@frankbrown8001 2 года назад

Good job Jason the friendly title company was very good but a wholesale friendly one I'm in the process of a good deal and what you and Yony big help.

@jamesbeaudoin7028 3 года назад

So did Jason actually buy the house or did he get another investor to buy this house and made his profit?

@deadheartbaybee6542 3 года назад

Hey jerry, how do I get paid after the deal is closed? Is it literally cash or is it a check?

@FlippingMastery 3 года назад

Title company will cut a check or send a wire

@ElSalvador1919 3 года назад

Jason...!!! excellent work!!!!! Congratulations

@russellmiller1008 Год назад

Have you heard of Paul Mccomas????

@justinmoreno9662 3 года назад

You really just have to start it

@carlose.hernandez1844 2 года назад

Wow Jerry, great experience from your guess I really enjoy it. Thank you.

@jojoben13 Год назад

So I wonder did he tell them I’m a wholesaler? Since on the contract I’m sure he has that clause in the contract. Every time I see these videos basically the first sale getting into this is fake it till you make it ( if you don’t have already cash buyers)

@hurricanejavi1701 2 года назад

😤 I'll let you guys know how mine went after this week 🤞🏽

@logancolombo3190 2 года назад

How'd it go?

@DRESWAY Год назад

So is he telling the person to wait till he finds the buyer to sell or did he actually buy ?

@techhouse3940 2 года назад

Is there anyone here that’s struck a deal who’s willing to attend a paid meeting so I can grasp any more insider tips from you?

@moneymakinginc7864 3 года назад

Jason your incredible my friend and a flipping genius...💯🤘✊✌

@mrtolliver 3 года назад

Jason you're a Flipping Genius

@lostintime8651 3 года назад

Jerry, have you ever wholesaled a house that now you wish you would have fixed and flipped?

@FlippingMastery 3 года назад

Yes many times. But I also try to look forward not in the rear view mirror

@lostintime8651 3 года назад

@@FlippingMastery nah, that's not what I meant. I am a king at solving problems. One thing when I look at a place and I see it's issues, mostly layouts and floor plans and how to improve them. Then I don't get the place, I wonder what if. Sometimes when I'm comp in another property I come across that other property and see if for sale all fixed up but the bad floor plan is just the same. Or that it was never resolved. That's where I come to realize years ago that people live under a rock if it's clean enough and within their budget. I'm in New Hampshire and the houses here are very old. They always have rooms set up where you have to go through one room to get to the other. I always see how to fix that floor plan. Quick and affordably. Then I see pictures and it was never dressed people are still living in that place going from one room to the other through the other room.

@raulpompa1359 3 года назад

How much of the profits do you keep for taxes?

@FlippingMastery 3 года назад

I explain here ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iyhjrqmcndA.html

@irapalmspring7304 3 года назад

You’re a flipping genius jerry! My question is, do you need to have a hard money loaner ready in case you have to show proof of funds, or can you do it without having to actually have the cash for it?

@jasminewilliams6583 2 года назад

He has a video about this. Use a soft proof of funds and when you get your cash buyer, they will have the hard proof of funds

@jorgegiraldo3683 Год назад

@irapalmsprings7304 you do not need proof of funds. But you will need money for EMD when you get a property under contract. If you have a deal and need EMD I can help you with that.

@Lifewithac22 3 года назад

I love this content it's the best motivation!!

@frankieepifani1123 3 года назад

Jason you’re a flipping genius!!

@jalu92175 2 года назад

J you are a flipping genius help me get started!!

@aispex1162 2 года назад

No need to pay capital gains tax even on a flip?

@kevinrodriguez6051 3 года назад

Hey brother, i my self havent ever whole saled or done any ivestments. I am super hungry and really want to learn ive watched a few of your videos. I would love to wholesale a house side by side and learn the experience with you. I just want to break the loop that my family has made, if you could reach out to me that would be awsome

@CardozaJacks Год назад

Jason, you are a flipping genius.

@st4564 Год назад

How do you show proof of funds

@FlippingMastery Год назад

With a pro or prime level subscription to flipster, you get unlimited custom proof of funds letters for as many offers as you want. To learn more go to: Getflipster.com

@johnnydotz 3 года назад

Great video. This is helpful. We might cross paths here in Philly one day!

@Johnmorganization Год назад

You just had another guy from the Philly area also is there a reason?

@williamchen4661 Год назад

i still dont understand if you borrow money from a private lender or the bank dont u have to pay them back so how do you make profit, lets say you borrow 200K and bought the place for 105K and do rennovations for 40k or 50k and pay real estate agent to sells your place for 160k or 180k how are you making money you still have to pay the bank back unless you can sell the place for over 200k which was the borrowed money then you have no profit or losess or if you sold under 200k your losing money

@KrissyHadick Год назад

You need to purchase the property below market with enough room (including cost of renovations) to be able to make a profit. You can either cash out refi with a bank to pay your lender back or sell the property and pay the lender back that way. If you need help evaluating a lead/house to see if it is a deal or not...I can help!

@nectarinehair0115 3 года назад

Jason, congratulations!! Genius! 🙌🏼

@EmazingTryhard 3 года назад

Does anyone wholesale in California? If so is it much more difficult compared to other states?

@solomonisrael3525 3 года назад

Let’s connect I’m in California also

@YoullNeverKnow284 3 года назад

Hey Jerry. I’m in sales right now and have experience in sales. I feel like I already have confidence on the phones and to hustle calling people considering my background. I am a broker of sorts at my full time job so I already know how to talk to people regarding business. I have my own LLC that I plan to primarily work on getting residential income but I definitely want to dip into wholesale since it seems like my kind of work. What would you say are the biggest obstacles for me going forward?

@YoullNeverKnow284 3 года назад

@@irenepouchy7951 no thanks I’ll reach out to the guy who has proven experience

@YoullNeverKnow284 3 года назад

@Flipping Mastery Tv you’re a fake account

@FlippingMastery 3 года назад

This is the real Jerry (fricken spammers!). Confidence in yourself. You got this. Go for it!

@Aarrax 3 года назад

So how exactly do I send you houses to fix and flip? I found a house that can get you a $63,000 profit (30%) on the house for the buy price. Could get more if you can get the buy price lower.

@Aarrax 3 года назад

And I would like to send you the house cause I believe it’s a good deal. Calculated the ARV, rehab cost, closing and carrying costs.

@Aarrax 3 года назад

I’ve actually put in comps for the house and it would be a profit of $91,000 after rehabbed and sold. Only $80,000 for the buying price.

@FlippingMastery 3 года назад

My10kcheck.com

@Aarrax 3 года назад

@@FlippingMastery yeah I went on to the webinar. And was all pumped up about it, till it got to the part where I needed to pay a grand. That's alright though, and it's not that I am not an action taker. I just want to better my own life and have financial freedom and have the best life for my future children and my girlfriend. I'll just stick to doing this on my own. I was really pumped about being able to send you a house with a $100k profit margin after imputing the comps. But I'll probably just wholesale it myself or offer it as a referral fee and move on to other houses till I have enough cash to start up my own business and wholesale much much more on my own. That actually made me hunger more for doing all of this with only knowledge from others and my own drive and make me strive even further for my goals, thank you 😁

@debbiehigginbotham538 Год назад

Jason, you are a flipping genius.

@Mikezerep42 2 года назад

My question is, if there is a realtor involved isn’t the seller now responsible for realtor fees?

@FlippingMastery 2 года назад

Correct, seller pays the commissions

@jaygetjiggy7397 2 года назад

Do you have to spend money to flip

@moonkelley8412 2 года назад

Jason your a flipping genius

@Seandoggx811 3 года назад

So what's the split as far as the 15k profit?

@unolowmanta7508 3 года назад

Hey Jerry. Do you think I could do this from anywhere in the world

@FlippingMastery 3 года назад

Yes! My10kcheck.com

@christianvelasquez917 3 года назад

Great video! Stumbled on this channel and learning so much. Do you have a video that outlines the financial aspect when making a bid for a property and transitioning the assignment to another buyer?

@justinschmidt2901 3 года назад

My goal is to be in that chair in 6 months

@thekid220 3 года назад

Blessings💯💯💯

@cmdv42 Год назад

Awesome! 🙌 What title company did Jason end up switching to in Phili? 👀Jason you are a flipping genius! 🚀

@nadirrabah6756 3 года назад

3:37 My response (if it were me): "Sure that's if my expenses were prepaid for 6 months or more" absolutely

@larry3846 3 года назад

Great story incredibly inspirational

@Waxthomas9477 2 года назад

When you said seller agrees to close with buyer of choice. He would I go about that if I am wholesaling a home I don’t own but I have under contract? I don’t want to give a buyer to much info cause they could just go straight to the seller an move me out the way

@yolandamarie616 3 года назад

Awesome job! Congratulations Jason!

@amandakumher3822 2 года назад

I want to do this and stop living the rat race, especially now as my husband and I are expecting. With the sheer number of people interested in this, it seems hopeless. HOW is the market not flooded with wholesalers? HOW are there any deals left to find? Everytime I see a financial out like this, it just seems so scary and like the competition would be too overwhelming... And the legality of it all? I hope I'm cut out for this