Jerry!!! The way you explain the whole double closing method is just genius!!! I had no real clear understanding of it but you cleared it for me. Appreciate that!!! Lovin your videos!!!!!
If you think finding a motivated seller or an interested cash buyer (investor) is hard, try finding an escrow company that does double escrow. I called at least 40 different escrow companies in my area (Riverside, CA) . Half of them didn't even know what that was. The other half knew what it is but simply didn't do them. Thankfully, just when I was about to give up in discouragement, I found one that does. I still have to meet their criteria to get them to double escrow, but I think it can work.
Hello, I'd love to connect with you I'm also in Riverside, CA. I'm looking forward to sharing my knowledge with you and hopefully, we can grow together to the top.
In California, escrow companies prohibit funds from the second transaction being used to fund the first. Also, at 12:07 you use language that would only work in one party escrow states. In CA for example, both parties have to execute cancelation instructions before EMD will be released under any circumstances.
Jerry, I get it! You're a genius Thanks again for your awesome content. I've binged 20 videos in a row to get my confidence back up after a failed first attempt last July.
Jerry you are genus. Our title company is experienced with double closing, assignments, transactional funding, etc. She is handling all closings. Jerry mentioned networking is key your success .
thank you for this video!!! you’re literally the best! i refer everyone over to your videos whenever they have questions because you always have a video for something!
Jerry! You flipping genius! :) Who would you refer as an awesome escrow agent in Arizona that is skilled with double closes / in escrow? Thanks for all you do!
Hello Jerry I am new to your channel. All the way from the State of NY & NJ. Man where were you over 30 years ago when got started in real estate as a realtor, then a Broker and now as a Wholesaler. Your teaching is Phenemonal. The way you explain things step by step a D no complications. Love your content. Thank you. Go over all your videos because you can never know enough. Look forward to continuing following you.
What’s to stop the cash buyer from learning what we payed for the property by looking up the property , especially if it is listed (and most properties are), and seeing who the seller is - thereby seeing the sellers list price?
Flipping Mastery TV yeah makes sense. I guess I’m over thinking it in the sense that the cash buyer will try to get in touch with the seller and try to cut the wholesaler out...
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Jerry,I get it. It's genius. However, like you always say, "seek legal advice before engaging in any transaction". I sought legal advice before trying to pull this trick in NY and NJ markets. It is illegal in these states to have the end buyer fund the whole deal. It is unfortunate but I'm glad I checked first.
Well I'm sure the title company that you are going to be trying to do it in would have told you pretty quickly that it couldn't be done so you wouldn't have needed to seek legal advice, they would have told you it was illegal
Hey Jerry another overflowing wealth of knowledge video, question,…..in this method from after the A-B Purchase agreement ……….now the B- C (Wholesaler to EndBuyer) do you need a Sales Agreement now, instead of assignment agreement with the Endbuyer?
Love Jerry's stuff...dropping real knowledge here. If you or anyone out there needs help analyzing/underwriting deals or funding of their projects. Especially if you need double closing funds, would love to chat.
Great info but a little confused. Whose paying the closing fees and whether buyer or seller agrees, how do you calculate what the percentage is to get an accurate fee? How many fees in total will the wholsaler have pay? And because of all the fees, what is the minimum profit you would even think of doing a double close? 50k?
Jerry you are a flipping genius! but im more of a visual learner so could you do a look over your shoulder video of doing this showing you filling the contracts too
Jerry loving flipster and literally doing everything you’re saying and wow the success and professionalism it’s bringing my business is outstanding! So We’re under contract and we have an offer that we want to accept and the spread is LARGE woohooo . So instead of having the buyer sign an assignment of contract what would they sign in order to “hide” our fee ? Another purchase of sale ?
Flipping Mastery TV a buyer brought this to my attention. The home we have under contract is a massive 3 story that can be rented out as a triplex 2 bd 1 bath each floor but he then he brought up a concern. buyer : “If they maintained the rental license for the Tri, than you taking. But it reverted single fam.”and I have no idea how To respond or find this info. Help
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This is genuis. I just hope the title company I've already sent contracts to will do this. Wasn't one I was familiar with as it's my first deal. So the buyer already had this company. Goodness. I'll find this out today!
This will be useful for wholesaling in North Carolina soon i heard that they are trying to get rid of assignment fees soon and the best work around method would be double closing
Woah! Jerry I get it you are a genius!! Any recommendations for titles companies in michigan? NVM I watched the next video about how to find the right title company...google, ask, interview the most experience title agent....I learn best this way! Thanks Jerry!
Jerry happy to see this I really didn’t know the procedure but my title company has done it for me. I was amazed cause I didn’t know you could do this till they told me on one of my deals. But now I know how they did it and I know I have a great attorney that’s Wholeseller friendly. He has really took care of me I can call him anytime for answers and he keeps me in line with the rules. So greatfull. And big thanks to you and your amazing fast track class and for believing in me. Love u brother see ya again soon!
this IS Valuable content From An Experienced Real Estate Investor. its freaking awesome, provided clarity with the contracts i need. i already have eveyrthing plus more. its all about just focusing on getting the deal. a lot of value man thanks.
Jerry you are a genius and God send for tithing wisdom and knowledge into your listeners. THANKS A MILLION!! YOU ARE GREEEEAAATTLY APPRECIATED. 1 QUESTION: Is it possible the escrow transaction be made in reverse? Meaning, Can the buyer sign first then the seller (C-> B -> A)?
Jerry your a flipping genius and no doubt the best real estate RU-vidr out there! People charge a ungodly amount of money for this information and I appreciate all your knowledge and time you put into these videos. You are the best! Thank you so much for your amazing knowledge. I am definitely getting flipster and learning as much as I can from you!
