@@Indra15huna Jerry used a 75% discount in this formula. $375,000 ARV ×'s75% (Discount) -$50,000 Repairs -$20,000 Wholesale (assignment fee) ='s $211,250
Hey jerry thank you for the information im 19 years old and trying to learn about wholesale real estate so one day when i feel confident enough i can do it. No one in my family believes in me but im used to it, my perspective is to work in silence and let my success be the noise ❤
$211,250 MAO. Just wanna say that I’m finally taking the courage to start wholesaling, and watching your videos is really helping me out. Keep up the great work, thank you brother!
Question ❓ Where's is holding cost , taxes, title transfer and agent fee in this formula? If these are applied would the cash buyer still be @ 75% is my question 🤔
@@FlippingMastery My MAO using that formula you gave us to use on OUR homework... would be $211,250 correct ? but doesn"t it have to be a whole number last time i watched a video they said that numbers from the comps and trying to figure the ARV from other houses around the prpoerty we doing research on....
I love that I get your notifications man.. as soon as I almost fall off or give up, I get a notification from your channel which is a reminder to hang in there 💪🏽
Keep at it. Persistence & rapport get myself and my team huge spreads. Jerry has some amazing videos. I also put out a video Mon-Fri on for real estate entrepreneurs. The one I released today was on Masterminds.
Answer: $211,250 MAO thank you so very much!! I have been watching so many different videos and I was calculating partially right but I did not have a clear understanding. You have really made this so easy to understand and yes you absolutely are a flipping genius. Thank you and GOD bless!!!!!
Exactly bro 70% is not gonna work in most places specially in MLS. I’m sure you can do it off market and stuff but that’s not gonna work in today’s day n age. 80% is the best at lowest 75%
$211,250 MAO. im new to the real estate game and im looking foward to approach my highest standard and highest achievements because of you. Keep it up!
@17slushys40, How are you since your last post? If you ever need help with funding your transactions, feel free to reach out. I would love to help anyway that I can.
"Jerry, you are a flipping Genius!" Homework: $375k x 70%= $281,250 - $50,000=$231,250 - $20,000= ($211,250/ MAO/Maximum Allowable Offer) Thank you so much for the brilliant instructions. You are "THE BEST" real estate video instructor I've come across on RU-vid since I began Wholesaling real estate back in May 2021. You explain everything with precise clarity and poise. I learned how to "TAKE ACTION" and "JUST DO IT" by watching your videos. This video was/is the "BOMB". THANK YOU, JERRY!!! Helen Head of Jacksonville, Fl.
@@fusiondew ok so it’s been a while because God has given me a business but not the one I prayed for lol. In other words, I’m no longer trying start a real estate one. But, this contract was not a normal one. It took about 3 months and several extensions to get it sold. I end up find another investor that was local and we partnered up. Can’t remember the company, but when it was finally done we split the check 50/50. Perhaps the biggest lesson I learned, was to protect your contract. There were a couple of times other investors tried to slip by us and take the contract for themselves. It’s a dirty move but some do it.
seriously how did you even do that I"m still like nervous and trying to find cash buyers to buy these deals from me but still need someone to walk me through it some guidance please
Buy price is 211,250. My confidence is horribly low because I'm brand new to the real estate wholesale scene. But I will continue to get better, thank you for all of your informative videos
$211,250. Thank you Jerry. I was stuck on figuring out my MAO. Your break down, made it click in my mind. Especially when you broke it down in reverse.
Jerry, all of you guys that help teach wholesaling are like Jedis. And you’re definitely the Samuel L Jackson Jedi with the purple saber cuz you’re a flipping genius
you the man jerry. Calculating the offer price is Def something i struggle with and spend alot of time doing which it shouldnt. watching this and your other videos is giving me the knowledge and confidence that i need to be able to get to that number without feeling unsure. Thanks again my man
I don't care if I'm late to the party, lol. 211,250 MAO. Side note, you have no idea how much people you are truly helping with these videos. Because of YOU I started in Real Estate. Thank you!
211.250 MAO. I just started a month ago came back to this video and now understand it better if you feel like you dont get it go out there and put in the work you will soon see results!
@JumpOfFaith, How are you since your last post? If you ever need help with funding your transactions, feel free to reach out. I would love to help anyway that I can.
I love your videos and watch them everyday. I wanted to learn more about how to talk with agents, make offers with agents, and lock up the contract etc.. thank you❤️
$211,250. GREAT VIDEO! IM A LICENSED REALTOR IN TEXAS! DETERMINING THE ARV IS THE EASY PART FOR ME, SINCE I HAVE MLS ACESS TO RUN COMPS. ESTIMATING REHAB COST IS MY WEAKNESS AT THIS MOMENT. THANK YOU.
Answer at the end in $211.25. I’m 18 years old and I’m trying to get into wholesaling, I’ve just been researching and getting scripts to help me talk sellers, that paired with your video I hope should be very helpful.
Jerry you are a flipping genius $375k ARV $50K Repairs $20k Wholesale Fee 75% Discount [375k × 0.75] - $50k - $20k = $211,250 MAO $211,250 + 20k + 50k = $281,250 [75% of ARV $375]
Just talked to a friend that is a flipper and a real estate agent. She said that the formula they use is ARV X 57%... it's insane for the Boston real estate market. Jerry, you're a flipping genius.
These are the calculations I came up with the info given. $375k ARV - $281,250(75% off) = $93,750(25%ARV) - $50,000(repair) = $43,750 - $20,000(W/S Fee) = $23,750 MAO I was confused about the 75% discount. Does that mean the buyer would only pay 25% of the $375k ARV? Or was the buyer wanting to pay 75% of the ARV, which would be $281,250. Then - $50k = $231,250 - $20k = $211,250 MAO
Thanks for the video Jerry. Its funny how my brain works backwards sometimes. When you say 10% discount in the video.. I automatically subtract 10% from the ARV, then subtract repairs and wholesale fee. We get to the same MAO of $150K. 10% Discount, ARV X 90%, and ARV - 10% is all the same thing. I got it now
ARV $375,000 @ 75 % Discount = $281,250 - $50,000 Repair cost - $20,000 Wholesale fee = $211,250 MAO (Buy price) Jerry you are a flipping genius! I have a question, what formula can be use to calculate repair cost I have no construction experience 🤷 plz help!
Thanks much Jerry, I just watched your other video I'm new to wholesaling and all of your content is of lots of help to us new players. Thanks for actually replaying to our comments, for sharing all this knowledge and information, and for all of the free resources you also share. Few content creators actually take the time to do what you do! I much appreciate that! You are a flipping genius!!! 🤜🤛 Merry Christmas! 🎄 #Flippinggenius
Jerry, this helped me out a ton but I have one question, how do you determine the repair fees? When talking to sellers I can visibly see the property in my area and still don’t know how to determine it and also virtually how do you determine? Thanks
This formula is amazing that you came up with Jerry. You're a flipping genius. I just did this problem in my head which you said to comment on. Instead of finding the number for 25% which is what would be subtracted from the ARV giving you the 75% discount. I instead calculated 10% in my head to make it easy (just drop a zero at the end) and then doubled it giving me 20% so far of the discount. Which came to be 75k which is easy math to subtract from 375k giving 300k. Then I subtracted 50k for repairs, 20k wholesale which came to be 230k. Easy math... then I cut that 10% number in half making 5% ($18,750) and subtracted that from the 230k which gives me $211,250 as the MAO.... Man I love math. It's easy in your head if you break it down into easier numbers to work with.
