The number one reason why people say "no" is they don't yet understand how the offer will benefit them. Make it clear why your offer makes the most sense for everyone to win, and they will come around. Jerry Norton the flipping genius!
Jerry’s a stud. Crazy bc I have a very identical deal right now and this is helping me get through the info provided by the seller and these crazy mansion I’m seeing in the area.
Yooo!!! I actually screen recorded this from the longer video and sent it to my team to look at! Great job this caught my attention and was impressive!
I think this is a genius move. Though you need to be very experienced in the market in order to pull off search clear lines and solve others' problems.
Jerry.. this was incredible. You the OG/Master flipper genius for a reason. It takes a gift to turn a hell no to a yes.. plus I learned how to structure a deal. I’ve always wondered if fix and flippers would purchase creative deals. Valuable gems 💎
8% interest? 2 year balloon? 50k down? 3k interest only?!?!?!? I guess it works for what you’re trying to do but that seems like a crazy offer. Maybe I just don’t get it but I can imagine it would be hard to assign that and expect a buyer to pay 50k plus your 15k assignment fee. Can someone explain why this makes sense?
50k is only 10% down 8% interest is better then any lender would give 3 years is plenty of time to build a house. A new construction flipper would pay a premium for this deal
I had a tear down and was trying to find a buyer for it for $75k. It was a tax lien, was up for auction, and didn't sell . Had that redemption period. Everyone said the lot was too long. It was .5 acre. Could have put two skinny tall buildings on it. Change zoning for multifamily. Those are what everyone is building now. Tax lien For $34k and was going to give the seller $12k and assignment fee was the remaining. I thought it was a great deal. No one could see the vision. I am not sure if it is still available because it was up for auction again this past March.
Hey Jerry I got a property under contract do I sign the contract or am I issuing it to the cash buyer. Anyone with experience your free to to comment also
You should have two contracts, one with the seller (seller agreement) and the assignment (with the cash buyer. So you sign the one with the seller and you sign the contract over to the cash buyer
